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Thomson Reuters
Apr 08 - 03:48 AM
AUD/USD - Trading With Heavy Tone As AUD/JPY Sales Weigh
First appeared on eFXplus on Apr 07 - 11:25 PM
  • AUD/USD heavy despite Dalian iron ore (+3.75%) hitting all-time high
  • Asia buoyant with Copper +0.9%; oil 0.6% higher and AXJ equity index +0.35%
  • AUD/USD weighed down by AUD/JPY selling with cross down 0.40%
  • AUD/USD support found just above 0.7050 and key support around 0.7000
  • Stubborn resistance formed at numerous daily highs at 0.7130/35
  • Lack of upside traction likely due to dovish RBA expectations
  • Speech by RBA Deputy Governor DeBelle Wednesday to be closely eyed

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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