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TDUX
Oct 01 - 07:55 PM
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AUD/USD - Bounces After Breaking Major Technical Support

By James Connell  —  Oct 01 - 05:45 PM

• AUD/USD +0.4% from Thur 0.6904 3-month low after breaching 0.6920 support

• Pair also traded below 52-WMA (0.6919) for first time in over 13-months

• China suspends refined fuel exports, sources say ban extends through end Oct

• DXY hits 102.20 - highest in over 16-months - as global bond rout continues

• Brent crude +5.9% to $103.80 a barrel, Gold +0.5%, Copper down 0.8%

• Bearish AUD signals compounding, next short-term target 0.6865 support zone

• Overnight range 0.6904-56 support 0.6865 0.6834 0.6662, resistance 0.7282
AUD Weekly 52-WMA


DXY Daily 55/100/200-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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