Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 11 - 11:55 PM

AUD/USD - REFILE-BUZZ-AUD/USD-Idles In Asia After Resistance Zone Caps

By John Noonan  —  Apr 11 - 11:15 PM

Adds disclaimer, subscriber code

  • AUD/USD opened +0.38% @ 0.6538 as China stimulus hopes supported iron ore

  • It traded a narrow range in Asia due to a lack of catalysts to spark flows

  • AUD/USD just below a raft of key moving averages - which cap for now

  • The 10, 21, 55 & 200-day MAs converge between 0.6543/56 and proving sticky

  • Bids tipped between 0.6475/0.6500 with support at the 0.6443 Feb 13 low

  • Mixed fundamentals are keeping AUD/USD in a trading range

  • Rising US yields and hawkish turn in Fed expectations weighing on AUD/USD

  • Strong rise in iron ore supports, with Dalian iron ore up 13% in 7 days

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!