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Oct 24 - 11:55 PM

AUD/USD - Maintains Firm Tine In Quiet Asian Session

By John Noonan  —  Oct 24 - 11:09 PM
  • AUD/USD opened at 0.7465 and traded in a 0.7464/81 range

  • Heading into the afternoon it is settled around 0.7475

  • AUD was underpinned against JPY and USD by rise in commodities

  • Lon copper is 1.8% higher while Dalian iron ore is up close to 4%

  • AUD/USD sellers tipped above 0.7500 with resistance at 200-day MA at 0.7562

  • Support is at the 10-day MA at 0.7438 and break would suggest top is forming

  • AUD/USD may consolidate ahead of crucial Aus CPI data in Wednesday

  • The CPI reading will likely determine AUD direction in short-term nL4N2RL03L

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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