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Oct 11 - 07:55 PM

AUD/USD - Opens Slightly Lower After Whippy Session

By John Noonan  —  Oct 11 - 06:40 PM
  • AUD/USD opens -0.26% after a whippy outside trading day

  • USD ended the day mixed ahead of key US CPI release later today

  • Fall in some key commodities put pressure on commodity currencies nL1N3BH024

  • AUD/USD resistance is at the 55-day MA at 0.6449 with sellers at 0.6445

  • Support is at the 10-day MA at 0.6385 and break would ease upward pressure

  • Close above the 21-day MA (0.6405) provides a slightly hawkish bias

  • Consolidation likely ahead of US CPI with AUD/USD tracking USD/CNH moves

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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