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Oct 18 - 07:55 PM

AUD/USD - Opens Slightly Lower Ahead Of RBA Minutes

By John Noonan  —  Oct 18 - 06:22 PM
  • AUD/USD opens 0.10% lower after recovering from dip to 0.7379 after US IP nL1N2RE24N

  • Pair still trending higher as 5, 10 and 21-day MAs in bullish alignment

  • Support is at the 10-day MA at 0.7363 and break would ease upward pressure

  • Resistance formed at 0.7435/40 with trend high at 0.7477

  • Rising Aus yields despite dovish RBA underpinning AUD on dips

  • RBA minutes today and will likely reiterate dovish bias

  • Minutes not expected to be a market mover

  • AUD/JPY flows and Asian equity markets likely to dictate direction in Asia

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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