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Oct 12 - 07:55 PM

AUD/USD - Opens Slightly Higher Despite Risk Asset Weakness

By John Noonan  —  Oct 12 - 06:11 PM
  • AUD/USD opens a touch higher despite soft equities and commodities nL1N2R8272nL1N2R80T5

  • AUD broadly underpinned by AUD/JPY demand as Aus yields attracting buyers

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

  • Support is at the 10-day MA at 0.7301 and break eases upward pressure

  • Resistance is at Tuesday's 0.7384 high and 100-day MA at 0.7419

  • Key in Asia will be AUD/JPY flows out of Tokyo and moves in Asian equities

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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