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Oct 25 - 11:55 PM

AUD/USD - Heavy Tone In Cautious Start To The Week

By John Noonan  —  Oct 25 - 11:15 PM
  • AUD/USD traded 0.7145 early before slipping lower with E-mini futures

  • E-minis down around 0.50%, as coronavirus infections accelerate globally nL1N2HH042nL1N2HG0D6nL1N2HG0I7

  • AUD/USD traded as low as 0.7115 before settling around 0.7120

  • USD and JPY firmer across the board in risk-off session

  • AUD/USD support at 10-day MA at 0.7112 and break increases downward pressure

  • Resistance at 0.7158 where Friday's high and 61.8 fibo converge

  • US political uncertainty ahead of Nov 3 US election likely to weigh on risk

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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