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Apr 22 - 11:55 PM

AUD/USD - Maintains Firm Tone Through Quiet Asian Session

By John Noonan  —  Apr 22 - 11:27 PM
  • AUD/USD opened 0.59% lower at 0.7707 after Wall Street fell and USD rallied nL1N2MF347

  • After early dip to 0.7693, the AUD/USD tracked higher through the morning

  • Heading into the afternoon it is trading at the session high above 0.7725

  • Move higher helped by AXJ equity index rising 0.30% despite Wall Street fall

  • E-minis were up over 0.20%, as knee-jerk reaction to Biden tax plan overdone

  • AUD/USD is back above the 10-day MA at 0.7713 with resistance at 0.7760/65

  • Support at Thursday's 0.7691 low and 21-day MA at 0.7667

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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