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Apr 21 - 02:55 AM

AUD/USD - Moves Lower As NZD/USD Fall And Broad USD Strength Weigh

By John Noonan  —  Apr 21 - 12:05 AM
  • AUD/USD opened 1.0% higher at 0.7451 after easing US yields weighed on USD nL2N2WI1PS

  • Softer than expected NZ CPI sent NZD/USD lower and AUD/USD fell in sympathy nL3N2WI3KN

  • AUD/USD fells to 0.7427 before bouncing back to 0.7442

  • It came under pressure again when US yields moved higher in Asia and supported USD nL2N2WJ020

  • AUD/USD traded to 0.7421 before steadying above 0.7425

  • Support is at the 10-day MA at 0.7420 and break shifts pressure to the downside

  • Resistance is at the 38.2 of 0.7661/0.7343 at 0.7464 and 21-day MA at 0.7469

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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