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