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Sep 11 - 02:36 AM
AUD/USD - Recovers From Low As Buyers Around 0.6850 Absorb
First appeared on eFXplus on Sep 10 - 11:10 PM
  • AUD/USD fell to 0.6849 after weak consumer sentiment matching Tuesday low nS9N1SP01X
  • Once again bids around 0.6850 absorbed the selling flows
  • Heading into the afternoon the AUD/USD is trading around 0.6855
  • Weak domestic data encouraging selling while risk on sentiment underpins
  • Resistance at 55-day MA at 0.6872 and 50% retrace of 0.7082/0.6677 at 0.6880
  • A break below 0.6840 targets 10-day MA at 0.6800 where more buying tipped
  • AUD/USD will continue to be resilient while US-China trade optimism persists

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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