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Apr 23 - 10:55 PM

AUD/USD - Edges Lower In Cautious Start To The Week

By John Noonan  —  Apr 23 - 08:45 PM
  • AUD/USD traded down to 0.6682 after hitting high at 0.6699 earlier

  • E-minis open the week down 0.25% in a cautious start to the week

  • AUD/USD support at Friday's 0.6678 low and April 10 low at 0.6619

  • Resistance is at the 21-day MA at 0.6705 and 10-day ma at 0.6711

  • A close above the 10-day MA would ease the downward pressure

  • Key resistance is at the 100-day MA at 0.6798

  • AUD/USD may consolidate ahead of key Aus Q1 CPI on Wednesday

  • Aus cPI outcome will likely determine RBA decision the following week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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