Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 28 - 07:55 PM

AUD/USD - Firm Weekly Close As AUD Outperforms Peers

By John Noonan  —  Apr 28 - 06:05 PM
  • AUD/USD managed to rise 0.23% Friday as AUD was best performing currency

  • Rising commodities helping to broadly underpin AUD nL5N3GZ3G1nL2N3GZ0H9

  • AUD/JPY carry trade demand - as market prices in chance of another RBA hike

  • AUD/USD closed above the 200-day MA (0.6525) to conform bullish bias

  • Resistance is at the 38.2 of the December-April fall at 0.6556

  • A break above 0.6560 targets the 50% of that move at 0.6616

  • Support is at the 21-day MA at 0.6505 where buying is tipped

  • Key today will be AUD/JPY flows out of Tokyo after it rose 2.0% Friday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!