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