By John Noonan — Oct 10 - 05:45 PM
AUD/USD opens +0.33% after getting support from fall in US yields nL1N3BG26S
Market pricing in end of Fed tightening cycle after dovish Fed comments nL1N3BG1N2
AUD/USD closed above 21-day MA (0.6405) for 2nd day to maintain bullish bias
Resistance is at the 55-day MA (0.6454) which has held since Aug 1
A break above 0.6455 targets 38.2 of July-October decline at 0.6518
Support at 10-day MA at 0.6387 and break would ease upward pressure
Report China considering fresh stimulus helping to offset property concerns nFWN3BF1R6nL4N3BG02E
Key in Asia will be moves in Asian equity markets and AUD/JPY flows
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary