By John Noonan — Apr 30 - 06:55 PM
AUD/USD opens -1.43% after USD broadly rose following hot US ECI nL1N3H32MN
Risk assets clobbered as market fears Fed may turn more hawkish nL4N3H35MB
AUD weakened against most currencies as key commodities also fell hard nL8N3H331T
AUD/USD closed below 10-day MA (0.6483) to increase downward pressure
Next support is at the 61.8 of the April rise at 0.6448
A clear break below 0.6445 puts the trend low at 0.6362 back in focus
Resistance is at the 10-day MA at 0.6483 and 21-day MA at 0.6504
AUD/USD likely to consolidate losses ahead of key FOMC decision Wednesday
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Source:
Refinitiv IFR Research/Market Commentary