AUDUSD at six week lows as sell off extends
AUDUSD is trading this morning at .6658 (-0.72%), an almost six-week low, as its bounce to yesterdays .6723 proved short-lived, which coincidentally was the title of the Ozzie article ⬇️ yesterday.
The fall in the AUD/USD came as US yields and the USD extended their gains overnight, continuing to price in a higher chance of a Donald Trump election victory and less Fed rate cuts into year-end.
If the AUD/USD were to see a sustained break of support at .6650/25, which includes the 200-day moving average, it would open the way for the sell-off to extend towards the next downside support at .6575/60.
ig.com/au/news-and-trade-ideas/AUDUSD-rebound-may-be-short-lived-241021
The fall in the AUD/USD came as US yields and the USD extended their gains overnight, continuing to price in a higher chance of a Donald Trump election victory and less Fed rate cuts into year-end.
If the AUD/USD were to see a sustained break of support at .6650/25, which includes the 200-day moving average, it would open the way for the sell-off to extend towards the next downside support at .6575/60.
ig.com/au/news-and-trade-ideas/AUDUSD-rebound-may-be-short-lived-241021
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.