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Apr 26 - 07:55 PM

AUD/USD - Shines As Commodity Surge Underpins Sentiment

By John Noonan  —  Apr 26 - 06:17 PM
  • AUD/USD opens 0.72% higher as AUD was best performing major currency Monday

  • Large gains in key commodities underpinned AUD and encouraged fresh buying nL1N2MJ0I4

  • AUD/USD traded as high as 0.7815 - just below the April 20 high at 0.7816

  • Key fibo resistance at 61.8 of 0.8007/0.7532 move at 0.7825

  • AUD/USD trending higher with the 5, 10 and 21-day MAs in a bullish alignment

  • A break below the 10-day MA at 0.7749 would ease the upward pressure

  • Asia will be watching Dalian iron ore after it soared over 3.5% yesterday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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