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Sep 13 - 07:55 PM

AUD/USD - Opens Higher As USD H=Gives Back Gains Through US Session

By John Noonan  —  Sep 13 - 06:29 PM
  • AUD/USD opens +0.26% after early USD strength dissipated through US session

  • US yields dipped as market positioned for key US CPI out later today nL1N2QF1YE

  • AUD/USD traded down to 0.7337 at one stage before bouncing

  • Bounce validates 38.2 fibo of 0.7106/0.7477 at 0.7335 as solid support

  • More support comes in at the 21-day MA at 0.7312

  • Resistance is found at the 10-day MA at 0.7387 with sellers above 0.7400

  • RBA Governor Lowe speaks at 02:45 GMT and may impact price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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