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Aug 22 - 08:36 PM
AUD/USD - Opens Lower As NZD Weakness And EM Selloff Weigh
First appeared on eFXplus on Aug 22 - 06:25 PM
  • AUD/USD closed 0.37% lower, as 0.67% fall in NZD/USD and EM selling weighed
  • EM ETF (EEM) fell 1.3%, as global growth concerns continue to hurt sentiment
  • Volumes light, as market awaits key speech from Fed Chair Powell
  • AUD/USD up slighlty in Asia after WH advisor said trade talks productive
  • AUD/USD support at Aug 14 low at 0.6735 and break targets 0.6677
  • Sellers ahead of 0.6800 with resistance at 21-day MA at 0.6794
  • Range trading expected in Asia ahead of Powell speech

eur/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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