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Oct 07 - 01:55 AM

AUD/USD - Moves Higher As Buoyant Equity Markets Support

By John Noonan  —  Oct 06 - 11:13 PM
  • AUD/USD opened -0.22% at 0.7273 after recovering from 0.7226 in NY

  • After trading at 0.7269 it moved higher on move up in Asian equities

  • E-minis gained 0.60% while the AXJ equity index soared 1.3% higher

  • AUD/USD traded to 0.7290 before settling around 0.7280/85

  • AUD getting support from move up in Aus 10-year yield and LNG strength nL4N2R301N

  • AUD/USD resistance is at 0.7310/20 where daily highs and 55-day MA converge

  • Support is at the 10-day MA at 0.7258 and yesterday's 0.7226 low

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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