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Apr 04 - 11:55 PM

AUD/USD - Slips In Asia On Risk Aversion Ahead Of US Jobs

By John Noonan  —  Apr 04 - 11:00 PM
  • AUD/USD opened +0.35% at 0.6588 after USD eased and commodities gained

  • Risk aversion gripped Asia as Nikkei tumbled 2.4% and AXJ index fell 09%

  • AUD/USD fell as AUD/JPY selling weighed with cross falling 0.45%

  • AUD/USD traded down t0 0.6562 and is at session low into the afternoon

  • Support is at the 21-day MA at 0.6558 and 10-day MA at 0.6536

  • Resistance is at daily tops between 0.6630/40 where selling tipped

  • Geopolitical uncertainty due t Israel-Iran tension weighing on risk nL2N3GB22T

  • Focus today will be on US non-farm payrolls and impact on Fed expectations

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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