Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Oct 08 - 05:55 PM

AUD/USD - Weakens As Middle East Turmoil Supports Safe-Haven

By John Noonan  —  Oct 08 - 04:30 PM
  • AUD/USD down 0.25% and below 0.6370 as investors sell risk-buy safe-haven

  • Selling a knee-jerk reaction to shocking developments in the Middle East nL1N3BE013

  • Potential for conflict to spiral and spread has investors on edge

  • AUD/JPY down 0.40% in typical reaction to geo-political uncertainty

  • AUD/USD gained 0.22% on Friday and completed a bullish outside day

  • AUD supported on Friday by risk rally in wake of strong US NFPs nL1N3BC2C4

  • AUD/USD traded as high as 0.6400 with resistance at 21-day MA at 0.6404

  • Support is at Friday's 0.6312 low and break would negate bullish outside day

  • Key today will be reaction in equity markets to developments in Middle East

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved