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Sep 21 - 07:55 PM

AUD/USD - Opens Lower As Commodities Slide With Equities

By John Noonan  —  Sep 21 - 06:05 PM
  • AUD/USD opens 0.92% lower after falls in equity and commodity markets nL2N2GI1Y9

  • NY copper slid 2.46%, as global growth concerns weighed on risk sentiment nL3N2GI1OY

  • AUD and NZD were worst performing currencies, as USD broadly moved higher

  • AUD/USD support is at the Sept 9 low at 0.7192

  • Resistance is at 0.7275/85 where the 10 & 21-day MAs converge

  • RBA Deputy Governor Debelle speaks today and may impact RBA expectations

  • Moves in Asian equity markets to influence AUD/USD price action

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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