By John Noonan — Apr 26 - 07:00 PM
AUD/USD opens -0.32% as AUD underperformed due in part to risk aversion
Rekindled banking fears and looming US debt ceiling crisis weighing on risk nL4N36T37XnL1N36S3FW
AUD/USD alos weighed down by diverging central bank expectations
Market pricing in less than 10% chance of RBA hike next week
Market pricing in 76% chance of a Fed hike next week
AUD/USD trending lower with 5, 10 & 21-day MAs in bearish alignment
Resistance is at the 10-day MA at 0.6682 and 21-day MA at 0.6695
Support is at the March 10 trend low at 0.6564
Bears in charge while the 10 & 21-day MAs contain rallies
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary