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Apr 03 - 05:55 PM

AUD/USD - Opens Higher As USD Moves Broadly Lower/Copper Soars

By John Noonan  —  Apr 03 - 05:05 PM
  • AUD/USD opens +0.74% after USD broadly fell for second straight day nL2N3GC1RP

  • A dip in Treasury yields after mixed US data encouraged USD selling nL2N3GC1WH

  • Strong metal prices helping to underpin AUD/USD as copper soared over 3% nL5N3GC25V

  • AUD/USD trend lower ended as it closed above the 21-day MA at 0.6560

  • Resistance and sellers found between 0.6645/45

  • Support is at the 10-day MA at 0.6529 with bids eyed ahead of 0.6500

  • Range trading likely ahead of US non-farm payrolls on Friday

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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