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Sep 14 - 07:55 PM

AUD/USD - Underperforms As Risk Sours Through US Session

By John Noonan  —  Sep 14 - 07:13 PM
  • AUD/USD opens -0.68% after AUD was worst performing major currency

  • Mood on Wall Street negative despite softer US CPI data nL1N2QG130nL1N2QG2LT

  • AUD/USD traded as low as 0.7314 and closed below support at 0.7335

  • Next support at 21-day MA at 0.7313 and break targets 61.8 fibo at 0.7248

  • Buyers are tipped ahead of 0.7300, which may slow the descent

  • Resistance is @ 10-day MA @ 0.7378 and break would ease downward pressure

  • China retail sales and IP released today will be key event in Asia

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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