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Apr 12 - 07:55 PM

AUD/USD - Consolidation Continues As Market Waits For Catalyst

By John Noonan  —  Apr 12 - 05:50 PM
  • AUD/USD traded within a 0.7585/0.7680 range for the seventh straight day

  • It opens slightly higher despite small falls in equities, EM and commodities nL1N2M52QAnL1N2M50LT

  • Market looking for fresh catalyst, which may be US CPI out Tuesday in US

  • Resistance is at the 21-day MA at 0.7658 and a break would be bullish

  • Support is at 0.7585/90 with more support at April 1 trend low at 0.7532

  • AUD doesn't seem to be impacted by delays in Australia vaccine rollout

  • NAB business survey out today, but unlikely to be a market mover

  • AUD/JPY flows and Asian equity markets to set tone in Asia

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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