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Jul 10 - 01:55 AM

AUD/USD - Pressured By AUD/JPY Selling In Risk-Off Asia

By John Noonan  —  Jul 09 - 11:45 PM
  • AUD/USD opened 0.25% lower at 0.6963 and came under pressure early

  • AUD/JPY selling out of Tokyo send AUD/USD down to 0.6935

  • Support at the 10-day MA (0.6935) held and it bounced back to 0.6951

  • Equities remained pressured with AXJ index down 0.65% and E-minis off 0.25%

  • AUD/USD eased back to 0.6940 into the afternoon session

  • AUD/USD vulnerable as investor risk appetite wavers as COVID-19 surges nL4N2EH0CH

  • Support at 10-day MA at 0.6935 and the 21-day MA at 0.6905

  • Resistance and sellers around 0.7000 should cap while risk assets pressured

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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