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Apr 22 - 07:55 PM

AUD/USD - Opens Lower After US Session Turns Risk-Averse

By John Noonan  —  Apr 22 - 06:16 PM
  • AUD/USD opens 0.59% lower after Wall Street fell on report of Biden tax plan nL1N2MF2B1

  • AUD was already under broad pressure before the Wall Street stumble

  • It is trading below the 10-day MA @ 0.7711 suggesting upward momentum waning

  • Support is at the 50% retrace of the 0.7532/0.7816 move at 0.7674

  • More support comes in at the 21-day MA at 0.7666

  • Resistance has formed at 0.7760/65 where good selling is tipped

  • Quiet session expected in Asia with the bias leaning lower

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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