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Oct 26 - 01:55 AM

AUD/USD - Gives Up Without A Fight, Risk-Off Pervades Asia

By Ewen Chew  —  Oct 26 - 01:10 AM
  • AUD/USD slithered straight down to 0.7116 from open 0.7145

  • Weakness in Asia stocks, particularly China, weigh AUD

  • Break of 0.7092 support may cue further long capitulation

  • Mon close below will confirm Bollinger downtrend channel

  • China's upcoming 5-year plan may involve slower growth nL4N2HE221

  • Some optimism lingers for US stimulus before election nL1N2HG0EW

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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