By John Noonan — Apr 17 - 07:15 PM
AUD/USD opens -0.12% after rise in US yields sent USD broadly higher nL1N36K27N
AUD outperformed - gaining around 0.35% against the EUR and JPY
China Q1 GDP out today along with China March retail sales and IP
Market expected in China GDP +2.2% Q/Q and +4.0% Y/Y
A result outside expectations will likely impact commodities and AUD
RBA minutes are also out today, but unlikely to surprise and move markets
AUD/USD opens just above the 10 & 21-day MAs that converge at 0.6695/0.6700
Support is at last week's low at 0.6619 with bids eyed around 0.6680
Resistance is at the 100-day MA at 0.6800 with sellers ahead of 0.6750
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary