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Apr 02 - 10:55 PM

AUD/USD - Heavy Tone But Holding Above 0.6500 For Now

By John Noonan  —  Apr 02 - 09:55 PM
  • AUD/USD slipped to 0.6505 earlier before bids came in to prop it up

  • It is steady around 0.6510 after opening at 0.6518

  • Risk-off mood in Asia with Nikkei down 0.95% and AXJ index down 0.65%

  • March Caixin services PMI just released and it improved to 52.7 from 52.4 nZRN0095HC

  • AUD/USD resistance is at the 10-day MA at 0.6525 and 21-day MA at 0.6556

  • Support is at the March 5 low at 0.6477 and Feb 13 trend low at 0.6443

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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