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Apr 04 - 07:55 PM

AUD/USD - Opens Higher After Whippy Session And Mixed Signals

By John Noonan  —  Apr 04 - 06:00 PM
  • AUD/USD opens +0.35% after trading as high as 0.6619 after soft US data nL2N3GD2NE

  • It slipped late NY when Wall Street slide extended on geo-political fears nL2N3GB22TnL2N3GD1XS

  • AUD outperformed due to commodity market strength nL5N3GD28J

  • AUD/USD support at 21-day MA at 0.6560 and 10-day MA at 0.6539

  • Resistance is at a number of daily highs made between 0.6630/40

  • Asia will likely be quiet ahead of US NFPs unless geopolitical tensions rise

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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