By John Noonan — Apr 27 - 06:35 PM
AUD/USD opens +0.39% after getting support for AUD/JPY short-covering
AUD/JPY gained 0.63% as safe-haven unwound with risk assets rallying nL1N36U3C1] nL1N36U2BR
AUD/USD resistance is at the 10-day MA at 0.6676 and 21-day MA at 0.6692
Support is at the March 10 trend low at 0.6564 with bids at 0.6590/0.6600
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Only a break above the 10-day MA (0.6676) would ease downward pressure
AUD/USD may consolidate ahead of RBA and Fed meetings next week
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary