By John Noonan — Apr 27 - 06:50 PM
AUD/USD opens unchanged around 0.7125 after topping out at 0.7190
Broadly stronger USD offset impact of hot Aus CPI on RBA expectations nL2N2WP2GVnL2N2WP03K
Steady equity and commodity markets helped to support AUD/USD around 0.7100 nL2N2WP2JG
Minor AUD/USD support at Feb 24 low at 0.7094 with bids around 0.7100
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Only a break above the 10-day MA at 0.7274 would suggest bottom forming
More resistance is at the 200-day mA at 0.7290
AUD/JPY flows out of Tokyo key today after cross rose nearly 1.0% Wednesday
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Source:
Refinitiv IFR Research/Market Commentary