By John Noonan — Apr 30 - 11:30 PM
AUD/USD opened 0.6617 after falling 0.20% Friday when USD firmed
After trading 0.6608 AUD/USD tracked higher late morning on cross buying
AUD/NZD recovered 0.28% after falling close to 2.0% last week
AUD/JPY buying also underpinned - as the cross rose around 0.50%
The AUD/USD is at a session high above 0.6630 heading into the afternoon
Market shrugged off weaker than expected China PMI released on Sunday nL1N36X0GU
AUD/USD support is at the March 10 and 2023 low ar 0.6564
Resistance is at the 10-day MA at 0.6668 and 21-day MA at 0.6688
Market may remain in hold ahead of RBA decision tomorrow
Market is expecting the RBA to remain on hold, but there are risks nL4N36Y01W
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary