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Apr 21 - 07:55 PM

AUD/USD - Opens Higher After Risk Rebound And BoC Hawkish Shift

By John Noonan  —  Apr 21 - 06:12 PM
  • AUD/USD opens 0.23% higher after touching below 0.7700 at one stage

  • Move higher sparked by Wall Street gains and hawkish shift by Bank of Canada nL1N2ME2Q7nL1N2ME2DD

  • The 1.48% move up in NY copper to two month high also underpinned AUD/USD

  • AUD/USD fell to 0.7698 at one stage - one pip shy of the 10-day MA at 0.7697

  • The 10-day MA ascends to 0.7707 today and should be solid support

  • Key AUD/USD resistance is at the 61.8 of 0.8007/0.7532 move at 0.7825

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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