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
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Source:
Refinitiv IFR Research/Market Commentary