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Oct 25 - 01:55 AM

AUD/USD - Claws Back Some Ground Before Easing From Session High

By John Noonan  —  Oct 24 - 11:05 PM

  • AUD/USD opened -1.28% at 0.6313 after AUD fell against every major currency

  • Renewed China growth concerns weighed heavily on the AUD nL4N31Q017

  • AUD/USD rallied to 0.6341 in Asia before a risk off tone capped

  • E-minis eased 0.15% while Dalian iron ore fell 2.40%

  • AUD/USD settled around 0.6320/25 into the afternoon session

  • AUD/USD support at the 10-day MA at 0.6296 and close below would be bearish

  • Resistance is at the 21-day MA at 0.6366 with sellers above 0.6400

  • AUD fate may be linked to China sentiment in the coming days

  • For more click on FXBUZ











Source:
Refinitiv IFR Research/Market Commentary

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