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Oct 19 - 10:55 PM

AUD/USD - Under Pressure As Risk Appetite Sours In Asia

By Content Admin  —  Oct 19 - 09:30 PM
  • Trades off 0.25%, as risk appetite slides into the weekend

  • Asian stocks are lower, Nikkei -0.8%, AsiaxJP -0.5%, S&P/ASX 200 -1.25%

  • Potential escalation in the Middle East undermines sentiment

  • Charts; 10 and 21-day moving averages head lower with 21-day Bollinger bands

  • Daily momentum studies also edge south, overall a negative setup

  • 0.6283 October low has been resilient support and is back in view

  • 0.6272 November 2022 base next support then the 0.6212 21st Oct 2022 low

  • Sydney 0.6329 high then NY 0.6357 top is initial resistance

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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