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Apr 20 - 07:55 PM

AUD/USD - Opens Lower After Mood Is Risk Assets Sour

By John Noonan  —  Apr 20 - 05:47 PM
  • AUD/USD opens 0.25% lower after a nasty reversal from the 0.7816 high

  • Risk assets fell after mood turned sour on revived COVID-19 concerns nZ8N2K800QnL1N2MD2NL

  • Risk currencies fell against USD, EUR and JPY on the negative mood change

  • Key fibo resistance at 0.7825 (61.8 of 0.8007/0.7532) validated by reversal

  • Support is found at double-bottom at 0.7706 and 10-day MA at 0.7694

  • Aus prelim-retail sales for March out today with market looking for +1.0%

  • Key in Asia will be mood in AXJ equities and Dalian iron ore

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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