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Oct 25 - 07:55 PM

AUD/USD - Opens Higher As Firm Equities And Commodities Underpin

By John Noonan  —  Oct 25 - 06:34 PM
  • AUD/USD opens +0.28% as AUD rose against every major currency nL1N2RL1WV

  • Firm commodity and equity priced supported risk currencies nL1N2RL0IXnL1N2RL2EZ

  • AUD/USD trending higher with the 5, 10 and 21-day MAs in a bullish alignment

  • Key resistance is at the 200-day MA at 0.7561 with seller ahead of 0.7550

  • Support is at 10-day MA at 0.7453 and break would suggest a top is forming

  • Market will likely consolidate ahead of the key Aus Q3 CPI tomorrow

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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