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Apr 18 - 07:55 PM

AUD/USD - Opens Higher As USD Slips Across The Board

By John Noonan  —  Apr 18 - 06:40 PM
  • AUD/USD opens +0.40% after holding on to gains made Tuesday in Asia

  • USD broadly fell after better China data and no fresh catalysts for buyers nL1N36L2B2

  • AUD/USD sellers eyed around 0.6750 with resistance at 100-day MA at 0.6800

  • Support is at 0.6695/0.6700 where the 10 & 21-day MAs converge

  • Bias is for higher after better China GDP and hawkish tilt in RBA Minutes

  • Asia bereft of key data, so consolidation likely until Europe arrives

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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