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Apr 23 - 07:55 PM

AUD/USD - Circumspect Start After Another Upside Failure

By Krishna K  —  Apr 23 - 06:10 PM
  • AUD/USD nears lower end of its 0.6680-0.6800-10 range after 0.3% decline Fri

  • Weighed down by higher U.S. yields as debate on Fed policy outlook continues

  • Lower commodity prices, Dalian iron ore's drop to near 4-mth low undermine

  • China stocks see biggest daily slump since Nov reopening rally, weaken AUD

  • Inability to sustain rallies, persistent failures near 0.6800 weaken outlook

  • Fri range 0.6678-0.6745; support 0.6665-70, 0.6640-50, resistance 0.6740-45

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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