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Apr 19 - 11:55 PM

AUD/USD - Well Bid Despite Negative Leads In Asia

By John Noonan  —  Apr 19 - 10:10 PM
  • AUD/USD trading above 0.7400 despite soft equities and weaker CNY nL2N2WI034

  • E-mini futures are down 0.50% while AXJ index flat despite Wall Street gains

  • Key commodities flat to slightly lower in Asia and not providing support

  • AUD/USD getting support from ongoing AUD/JPY demand

  • AUD/JPY up 0.42% after rising 1.85% on Tuesday

  • AUD/USD high so far at 0.7407 with resistance at the 10-day MA at 0.7420

  • A break above 0.7420 eases pressure and targets 21-day MA at 0.7469

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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