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Apr 27 - 07:55 PM

AUD/USD - Opens Lower After AUD An Underperformer

By John Noonan  —  Apr 27 - 06:17 PM
  • AUD/USD opens 0.45% lower despite copper rising another 1.4% nL1N2MK0I4

  • AUD fell against every major currency except the JPY and NZD nL1N2MK28A

  • Longs pared back after failure to break 0.7815 when it rallied Monday

  • AUD/USD support is at the 10-day MA at 0.7750 and 21-day MA at 0.7690

  • Resistance is at the April 20 high at 0.7816 and 61.8 fibo at 0.7825

  • AUD/USD trending higher with 5, 10 & 21-day MAs in bullish formation

  • Aus Q1 CPI is out today, but shouldn't influence AUD/USD direction

  • Market will likely consolidate ahead of the FOMC decision later today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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