AUD USD trading almost flat
10/31/2016 8:25:58 AM
Risk-off theme controls the Asian trades and so, weighs on sentiment nearby higher-yielding currencies for instance the AUD, leaving AUD/USD to wander near 0.7600 handle.
Currently, the AUD/USD pair now trades modestly flat at 0.7600, having reclaimed 100-DMA barrier located at 0.7595. Markets are evaluating the reports of Clinton’s FBI investigation and so, refrain from placing any big bet in search of higher-yields, with just a little over a week remaining ahead of the US elections.
The pair finds the immediate persistence at 0.7650 above which gains could be expanded to the next hurdle placed 0.7710 and 0.7740. On the other hand, the immediate support placed 0.7583. Selling pressure is likely to increase below the last, dragging the Aussie to 0.7550 and below that at 0.7530 .