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Apr 03 - 11:55 PM

AUD/USD - Moves Higher As Buyers Emerge After Early Dip

By John Noonan  —  Apr 03 - 11:15 PM
  • AUD/USD eased to 0.7483 in early Asia after closing Friday at 0.7497

  • AUD resilient as it was best performing major currency on Friday

  • Buyers emerged at the lows and it tracked higher through the morning

  • Heading into the afternoon it is just below the session high at 0.7513

  • Resistance is at the March 28 high at 0.74540 and Oct trend high at 0.7555

  • Support is at the 21-day MA at 0.7400 and 38.2 of 0.7165/0.7540 at 0.7396

  • AUD/USD may see some volatility around RBA decision tomorrow

  • RBA to remain on hold with focus on statement nL3N2W202X

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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