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Antipodeans suffered, weighed down by a diverging interest rate outlook compared with the United States
- Also, Chinese equities halted their recovery path and swung back into losses re-fuelling concerns over China's economy, Shanghai Comp opened -1.7%
- AUD/USD was down to session lows at 0.7124 from 0.7175 in New York on Friday
- A bit of USD weakness coming through as renewed wave of risk-aversion gripped the markets
- AUD/USD recovered from session lows to currently trade at 0.7146, with immediate resistance at 0.7202 (Daily Tenkan-Sen) and support at 0.7123 (Session low Aug 31st)
Resistance Levels:
R1: 0.7202 (Daily Tenkan-Sen)
R2: 0.7245 (10 DMA)
R3: 0.7250 (Daily High Aug 25)
Support Levels:
S1: 0.7123 (Session low Aug 31st)
S2: 0.7098 (Aug 27th lows)
S3: 0.7070 (Daily Low Aug 26)
