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Apr 27 - 07:55 PM

AUD/USD - Opens Unchanged As Strong USD Offsets Hawkish RBA Expectations

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

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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