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Oct 18 - 11:55 PM

AUD/USD - Pressured As Asian Equities Slump And Aus Jobs Miss

By John Noonan  —  Oct 18 - 10:55 PM
  • AUD/USD opened -0.46% at 0.6337 after US yields rose and underpinned USD

  • It came under pressure early Asia and slipped below 0.6330 before Aus jobs

  • Aus employment data was mixed but market focussed on big miss on jobs nAZN1CTD3T

  • AUD/USD selling increased and it dipped below 0.6300 to 0.6296

  • It is hovering above key support at 2023 low and double-bottom at 0.6286

  • Adding to the pressure was a slump in Asian equity markets nL4N3BP0L2

  • A break below 0.6285 targets the 2022 trend low at 0.6170

  • Resistance is at the 10-day MA at 0.6359 and 21-day MA at 0.6373

  • Key event later today will be speech by Fed Chair Powell

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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