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Apr 21 - 10:55 PM

AUD/USD - Moving Higher As Safe-Haven Positions Unwind

By John Noonan  —  Apr 21 - 08:40 PM
  • AUD/USD above 0.6440 early trading as risk assets in Asia moving higher

  • Nikkei is up 0.90%; Australia ASX up 1.35% and E-minis up 0.37%

  • Market paring back safe-haven on hopes Middle East crisis won't escalate nL2N3GS2CS

  • Resistance is at the 10-day MA at 0.6470 and break would warn bottom forming

  • Sellers are tipped at 0.6455/60, which may cap short-covering rally

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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