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Apr 27 - 09:55 PM

AUD/USD - Nearing Short-Term Support As USD Firm Early Asia

By John Noonan  —  Apr 27 - 08:48 PM
  • AUD/USD under pressure in early trading as USD retains bid tone ahead of Fed

  • Pair approaching 10-day MA at 0.7749 with low so far at 0.7752

  • A break below 0.7745 targets solid support at 0.7690/95

  • The 21-day MA and daily lows made last week converge at 0.7690/95

  • AUD/USD longs are paring back ahead of the Fed decision later today

  • There were a number of AUD/USD buy recommendations put out Friday/Monday

  • Longs will likely reinstated if fed is as dovish as market hopes

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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