AUD/USD opens unchanged around 0.7175 despite firm USD and rising US yields nL1N2XO1W0nL1N2XO1I5

Stronger commodity prices helped to underpin AUD against USD, JPY and EUR nL1N2XO0I6

AUD/USD was whippy and fell after testing 100-day MA around 0.7230

The subsequent fall validates the 100-day MA as decent resistance

More resistance is at the key 200-day MA at 0.7258

AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

Support is at the 10-day MA at 0.7134 and break would suggest top is forming

Australia trade data today, but unlikely to have impact on AUD/USD

For more click on FXBUZ