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Apr 29 - 08:55 PM

AUD/USD - Opens Higher As USD Eases And Risk Assets Firm

By John Noonan  —  Apr 29 - 07:15 PM
  • AUD/USD opens +0.51% after US yields eased and USD broadly weakened nL1N3H21T3

  • A wild ride in USD/JPY on intervention rumours dominated FX action nL1N3H20OC

  • AUD benefited from a rise in risk assets as copper continued surge higher nL1N3H22GOnL1N3H20JQ

  • Support is at the 200-day MA at 0.6524 and 21-day MA at 0.6511

  • Resistance is at 50% of Dec-April fall at 0.6616 and April 9 high at 0.6644

  • Aus March retail sales today may cause some movement, but unlikely to impact

  • China Mfg PMI for April is out today with market expecting 50.3

  • Bias is for higher, but with FOMC looming, movements may be limited

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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