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Sep 14 - 07:55 PM

AUD/USD - Opens Slightly Higher After Bouncing From Key Support

By John Noonan  —  Sep 14 - 06:40 PM
  • AUD/USD opens +0.21% after bouncing from low at 0.6705

  • Markets calmed a bit after US PPI showed decline from previous month nL1N30L12Y

  • Wall Street closed slightly higher after a choppy session nL1N30L2MB

  • Market pricing in 24% of 100 BP Fed hike next week from 35% after CPI

  • AUD/USD held above support at 0.6699 and trend low at 0.6682

  • Resistance is at the 10-day MA at 0.6782 and break would ease pressure

  • The 21-day MA comes in at 0.6837 and break would suggest bottom in place

  • Aus jobs data today with expectations of +35K jobs and unemp to remain 3.4%

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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