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Apr 22 - 07:55 PM

AUD/USD - Opens Higher After Quiet US Session

By John Noonan  —  Apr 22 - 06:40 PM
  • AUD/USD opens +0.47% after retaining gains made in Asia yesterday

  • AUD broadly underpinned by fading geopolitical concerns nL2N3GV2QW

  • AUD/USD sellers 0.6455/60 capping gains for time being

  • Resistance is at 10-day MA at 0.6453 and break targets 21-day MA at 0.6508

  • AUD/USD bids are tipped ahead of 0.6400 with support at Friday's 0.6362 low

  • AUD/USD likely to trade in range in Asia with now data to inspire action

  • Key will be moves in Asian equities and direction of USD/CNH

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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