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Apr 12 - 01:55 AM

AUD/USD - Moves Lower As Risk Mood In Asia Sours

By John Noonan  —  Apr 11 - 11:40 PM
  • AUD/USD moved up to 0.7628 early Asia after closing Friday at 0.7618

  • Mood turned negative when AXJ equity index fell and supported USD and JPY nL4N2M502S

  • Australia vaccine rollout uncertainty added to AUD/USD headwinds nL4N2M5060

  • AUD/USD fell to 0.7595 before steadying around 0.7605 into the afternoon

  • AUD/USD support at Friday's 0.7588 low and break targets trend low at 0.7532

  • Resistance is at the 21-day MA at 0.7658 and break shifts pressure to upside

  • AUD/USD may be vulnerable due to Australia vaccine rollout uncertainty

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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