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
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Source:
Refinitiv IFR Research/Market Commentary