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Apr 06 - 10:55 PM

AUD/USD - Dips Below 0.7500 As Soggy Stocks And Cross Sales Weigh

By John Noonan  —  Apr 06 - 09:40 PM
  • AUD/USD drifting below 0.7500 as AUD/JPY selling weighs on price action

  • Asian equity index -0.75% and E-minis -0.23% as mood in Asia gloomy

  • AUD/USD heavy as hawkish RBA factor fades and hawkish Fed factor resonates nL2N2W41S3

  • AUD/USD support is at 38.2 of 0.7165/0.7661 move at 0.7471

  • Key support at 21-day MA at 0.7434 and break would suggest top in place

  • A weekly close below 0.7455 would complete a bearish outside week

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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