"*IPT: UNICREDIT BMARK SNP; 4.5NC3.5 MS+130A, 8NC7 MS+170A" bbg...
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Gilt opening calls: 95.59/95.65.
Estox 50: -0.32%, Dax: -0.23%, CAC: -0.16%, FTSE -0.36%, SMI -0.16%,
The trend condition in AUDUSD remains bearish and price is trading just above last week’s cycle low. The latest move down has once again confirmed a resumption of the downtrend. Moving average studies are in a bear-mode position too, highlighting a dominant downtrend. Scope is seen for an extension towards 0.6350, the Aug 5 low and the next key support. Initial firm resistance to watch is 0.6491, the 20-day EMA.