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Apr 25 - 08:55 PM

AUD/USD - Steady Start After Solid Gain On Friday

By John Noonan  —  Apr 25 - 06:41 PM
  • Weak USD along with firm equities/commodities sent AUD/USD 0.5% higher Friday nL1N2MG1X8nL1N2MG2GN

  • AUD/USD trading just below resistance formed at 0.7760/65

  • A 0.7765 break targets 0.7815/25 where April 20 top and 61.8 fibo converge

  • Support is at the 10-day MA at 0.7728 and 21-day MA at 0.7673

  • Bias is for higher as long as risk appetite remains strong

  • Asian equity markets and AUD/JPY flows likely to dictate direction in Asia

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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