By John Noonan — Oct 03 - 05:35 PM
AUD/USD fell another 0.86% and was worst performing currency on Tuesday
Rising US yields supporting USD and undermining risk assets/currencies nL1N3B91V6
AUD/JPY selling following USD/JPY plunge also weighed nL1N3B90YO
AUD/USD support @ double-bottom at 0.6272 & break targets trend low @ 0.6170
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 0.6386 and break would ease the pressure
AUD/NZD at 4-month low around 1.0665 ahead of RBNZ decision today nL3N3B902I
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary