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Apr 08 - 02:55 AM

AUD/USD - Trades With Heavy Tone In Narrow Range In Asia

By John Noonan  —  Apr 07 - 11:55 PM
  • AUD/USD opened -0.40% at 0.7481 and traded in 0.7473/87 range

  • Heading into the afternoon it is trading just below 0.7480

  • AUD/USD vulnerable as equity and commodity markets looking toppish

  • Support at last week's 0.7456 low as close below would complete bearish outside day

  • More support at 21-day MA at 0.7439 as break would suggest top is in place

  • Resistance is at the 10-day MA at 0.7507 and break would ease pressure

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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