By John Noonan — Sep 11 - 06:35 PM
AUD/USD opens +0.80% after USD broadly eased led by USD/JPY
BOJ Ueda comments on weekend resulted in a hawkish shift in BOJ expectations nL1N3AK2KF
AUD/USD shorts pared back, as China concerns eased and commodities rose nL1N3AN0JAnL1N3AN0M9
AUD/USD trading above the 10 & 21-day MAs - that converge at 0.6425/30
Price action suggests there might be a short-term bottom in place
Sellers are tipped at 0.6450 with resistance at the 0.6522 double-top
Support is at 0.6358 where it bottomed last week
Key in Asia will be moves in the USD/CNH and USD/JPY
Aus consumer confidence and NAB business survey are on tap today
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary