Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 27 - 07:55 PM

AUD/USD - Opens Higher As Risk Recovery Trumps Higher US Yields

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!