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Sep 10 - 09:55 PM

AUD/USD - Sellers Above 0.6400 Cap For Now

By John Noonan  —  Sep 10 - 08:35 PM
  • AUD/USD moved higher early Asia, as USD/JPY gapped lower on BOJ comments nL1N3AK2KF

  • AUD/USD traded 0.6402 before sellers 0.6405/15 discouraged attempts higher

  • On Friday it traded 0.6415 before falling through the US session

  • Resistance is at 0.6425/30 where the 10 & 21-day MAs converge

  • Close above 0.6430 would suggest trend lower exhausted and a bottom in place

  • Support has formed at 0.6355/65 where bids are tipped

  • AUD/USD has bottomed 0.6355/65 on three of the last five trading days

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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