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Sep 12 - 07:55 PM

AUD/USD - Better Bid In Early Asia After Another Fail Above 0.7400

By John Noonan  —  Sep 12 - 06:22 PM
  • AUD/USD opened around 0.7355 after US sold it down from 0.7408 London high

  • It is bid in early trading and high so far has been 0.7362

  • Wall Street fell hard in the last two hours as inflation fears gripped nL1N2QC2K5

  • AUD/USD support is at the 38.2 of the 0.7106/0.7477 move at 0.7335

  • Key support is at 21-day MA at 0.7310 and break shifts pressure to downside

  • Resistance is at the 10-day MA at 0.7380 and sellers are tipped above 0.7400

  • Key will be moves in risk assets in Asia after the weak close on Wall Street

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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