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Apr 27 - 11:55 PM

AUD/USD - Consolidates Ahead Of Next Weeks Central Bank-Fest

By John Noonan  —  Apr 27 - 11:10 PM
  • AUD/USD opened +0.39% after risk assets firmed and safe-haven unwound nL1N36U3C1

  • It moved up to 0.6642 early Asia before settling unchanged around 0.6630

  • Support has formed at 0.6690/95 where it bottomed Wednesday/Thursday

  • More support is at the March 10 trend low at 0.6564

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 0.6677 and 21-day MA at 0.6692

  • Volatility likely to increase nest week when the RBA and Fed decide

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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