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Apr 18 - 07:55 PM

AUD/USD - Struggles To Break Resistance Despite Positives

By Krishna K  —  Apr 18 - 06:21 PM
  • AUD/USD down 0.1% in Asia as bulls turn cautious on its inability to rally

  • Failure to break resistance at 0.7760-70 despite positive factors weigh

  • Downside likely limited on positive risk sentiment, retreating U.S. yields

  • Upbeat AU data last week suggesting economy grew strongly last qtr supports

  • Quarantine-free "trans-Tasman bubble" between AU & New Zealand from Mon eyed

  • Resistance 0.7760-70, 0.7800-10, support 0.7720-25, 0.7700-05

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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