Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Apr 28 - 11:55 PM

AUD/USD - Retreats After Key Resistance Caps Rally

By John Noonan  —  Apr 28 - 11:20 PM
  • AUD/USD opened 0.33% higher at 0.7793 after USD fell on dovish Fed nL1N2ML3DZ

  • Risk rallied in Asia on strong after-hours earnings from tech giants nL1N2ML3BDnL1N2ML3C9

  • E-minis moved 0.60% higher and AUD/USD charged up to a 5-week high at 0.7818

  • Sellers ahead of 61.8 of 0.8007/0.7532 move at 0.7825 capped

  • AUD/USD longs pared back when 0.7800 gave way and it is down to 0.7785/90

  • Repeated fails above 0.7800 may start to concern AUD/USD bulls

  • Support is at the 10-day MA at 0.7757 and 21-day MA at 0.7700

  • Resistance at 0.7825 validated - and break targets March 18 high at 0.7849

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!