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Apr 16 - 11:55 PM

AUD/USD - Eases Below 0.6700 As USD Retains Bid Tone In Asia

By John Noonan  —  Apr 16 - 09:15 PM
  • AUD/USD under pressure early Asia, as USD firms across the board

  • It is at the session low at 0.6693 after trading at 0.6725 earlier

  • AUD/USD has edged below the 10-day MA at 0.6700 and 21-day MA at 0.6696

  • Next support is at last week's 0.6619 low

  • Hawkish turn in Fed expectations weighing on risk and underpinning USD

  • Market looking ahead to China GDP release tomorrow to set the tone for AUD

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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