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Apr 24 - 08:55 PM

AUD/USD - Under Pressure After Close Below 200-Day Moving Average

By John Noonan  —  Apr 24 - 07:05 PM
  • AUD/USD testing Friday's 0.7235 low in early Asia as USD broadly bid

  • It clossed below the 200-day MA at 0.7294 and it is now resistance

  • AUD/USD traded to 0.7278 at the open due to spike higher in EUR/USD

  • Macron win in France was already priced in so EUR/USD quickly reversed lower nL1N2WM021

  • AUD/USD sentiment bearish due to global growth concerns and hawkish Fed expectations nL3N2WK08K

  • There isn't any support of note ahead of the March 15 low at 0.7165

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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