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Apr 05 - 07:55 PM

AUD/USD - Opens Higher On Risk Rally Ahead Of RBA

By John Noonan  —  Apr 05 - 06:17 PM
  • AUD/USD opens 0.80% higher after strong US data sent risk assets higher and USD lower nL1N2LY1GT]

  • A 3.71% rise in copper adds to AUD allure as global growth prospects improve

  • 10-year US yield contained despite strong US data - so USD less appealing

  • Resistance at 21-day ma at 0.7681 and 50% of 0.7849/0.7532 at 0.7690

  • Support at the 10-day MA at 0.7614 and break eases upward pressure

  • RBA decision today with no change expected, should be a non-event

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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