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Apr 19 - 07:55 PM

AUD/USD - Opens Modestly Higher After Broad USD Selloff

By John Noonan  —  Apr 19 - 05:54 PM
  • AUD/USD opens 0.26% higher after USD sold off across the board nL1N2MC0ZL

  • It came off high at 0.7784 when Wall Street fell and US yields bounced nL1N2MC2QMnL1N2MC1RH

  • AUD/USD traded above the 50% of the 0.8007/0.7532 move at 0.7769

  • The next resistance levels is the 61.8 of that move at 0.7825

  • Support is at the 55-day MA at 0.7715 and the 10-day MA at 0.7686

  • AUD/USD starting trend higher with 5, 10 & 21-day MAs in bullish alignment

  • RBA Minutes today likely to be a non-event with nothing new expected

  • Key will be moves in US bond yields and risk assets in Asia

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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