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
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Source:
Refinitiv IFR Research/Market Commentary