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Apr 14 - 07:55 PM

AUD/USD - Opens Higher Ahead Of Australia Jobs Data

By John Noonan  —  Apr 14 - 06:00 PM
  • AUD/USD surged over 1.0% higher due to weaker USD and strong commodities

  • AUD and NZD outperformed and gained against every major currency nL1N2M72K6

  • AUD/USD broke and closed above the 38.2 of 0.8007/0.7532 move at 0.7713

  • The next resistance is at the 50% retracement of that move at 0.7769

  • Support is at 55-day MA at 0.7710 and 0.7650 where 10 & 21-day MAs converge

  • Aus jobs data key event for AUD today with market expecting +35 K jobs

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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