By John Noonan — Apr 25 - 06:50 PM
AUD/USD opens +0.32% after a whippy trading day that ended with USD easing
It whipped between 0.6539/0.6486 in the aftermath of mixed US GDP nL2N3GX390
Market torn between weak US growth & higher US yields due to high inflation
AUD/USD may remain elevated in Asia as E-Minis +0.80% in after hours
It floows Strong after the bell reports from Alphabet and Microsoft nL3N3GY5L3nL6N3GY0LO
AUD/USD traded above the 200-day MA (0.6526) but failed to close above
A close above 0.6530 targets April 9 high at 0.6644
Support is at the 10-day MA, which comes in at 0.6459
Upside may be limited if Asia follows weak Wall Street lead
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary