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Apr 24 - 09:55 PM

AUD/USD - Consolidates In Holiday Thinned Market; Upside Limited

By Krishna K  —  Apr 24 - 09:10 PM
  • AUD/USD better bid in Asia, supported by lower U.S. yields

  • U.S. yields fall as traders grow jittery about approaching U.S. debt ceiling

  • Lower copper prices, Dalian iron ore's drop to a 4-mth low limit AUD upside

  • Upcoming c.bank rate decisions, tepid risk appetite to cap rallies

  • Australia Q1 CPI due Wed, will be pivotal for RBA rate expectations

  • Australia and New Zealand markets closed Tuesday, affecting trading activity

  • Strong support at 0.6665-70, resistance 0.6615-20, 0.6640-45

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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