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Apr 13 - 10:55 PM

AUD/USD - Early Rally Stalls Above 0.7650

By John Noonan  —  Apr 13 - 08:53 PM
  • AUD/USD traded up to 0.7653 in early Asia before sellers came in and capped

  • It was the first time it traded above the 21-day MA (0.7648) since March 18

  • There was no reaction to Aus consumer confidence - which hit an 11-year high nS9N2KV00Q

  • Support is at the 10-day MA at 0.7632 and break would ease upward pressure

  • Sentiment is bullish after AUD/USD completed a bullish outside day yesterday

  • A close above the 21-day MA targets the April 7 trend high at 0.7676

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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