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Oct 07 - 07:55 PM

AUD/USD - Opens Higher After AUD Outperforms In Risk-On US Session

By John Noonan  —  Oct 07 - 05:46 PM
  • AUD/USD opens 0.55% higher after AUD outperformed every major currency nL1N2R310P

  • Risk rally underpinned AUD, as Wall Street and key commodities broke higher nL1N2R32INnL1N2R30PF

  • It stalled @ 50% of 0.7477/0.7106 @ 0.7324 after 55-day MA @ 0.7312 broke

  • A break above 0.7325 targets the 61.8 of that move at 0.7360

  • Support is at the 21-day MA at 0.7280 and 10-day MA at 0.7267

  • Sentiment turning bullish rise in 10-year Aus yield attracting flows

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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