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Oct 15 - 07:55 PM

AUD/USD - Recovers From Plunge After Wall Street Bounce

By John Noonan  —  Oct 15 - 05:35 PM
  • AUD/USD traded as low as 0.7056 when risk assets came under pressure

  • S&P was down 1.38% at one stage before bouncing to close only 0.15% lower

  • A 1.4% rise in NY copper also underpinned and AUD/USD settling around 0.7095

  • AUD/USD closed 1 pip above the 100-day MA at 0.7093 to give longs hope

  • The AUD/USD hasn't closed below the 100-day MA since May 15

  • Resistance is at the 21-day MA at 0.7147 and 10-day MA at 0.7156

  • Sentiment bearish after RBA governor Lowe tipped more easing to come nL4N2H54EL

  • Support @ yesterday's 0.7056 low and break targets Sep 25 trend low @ 0.7006

  • Key today in Asia will be moves in Asian equity markets

  • For more click on (FXBUZ)










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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