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Oct 14 - 01:55 AM

AUD/USD - Eases Slightly After Failure To Breach 0.7400

By John Noonan  —  Oct 13 - 11:01 PM
  • AUD/USD opened 0.40% higher at 0.7380 after USD broadly sold off in NY nL1N2R91T1

  • It moved higher in early Asia and traded to 0.7396 at one stage

  • Sellers ahead of 0.7400 capped and it is around 0.7375/80 into the afternoon

  • There was no reaction to Aus jobs data, which was near expectations nL1N2RA01P

  • Resistance is at the 100-day MA (0.7415) which has held since mid-June

  • Support is at the 10-day MA at 0.7319 and break would ease upward pressure

  • Bias is for higher while the 10-day MA holds on dips

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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