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Oct 11 - 11:55 PM

AUD/USD - Steady Above 0.6410 In Upbeat Asia Ahead Of US CPI

By John Noonan  —  Oct 11 - 11:00 PM
  • AUD/USD- Opened -0.26% at 0.6414 after a whippy outside trading day

  • After trading 0.6410 it moved up to 0.6426 as risk assets firmed

  • E-minis rose 0.25%; AXJ equity index was +0.70% and Nikkei firmed 1.20%

  • Late morning AUD/USD gave back early gains and was flat around 0.6415

  • Support is at the 21-day MA at 0.6405 and 10-day MA at 0.6384

  • Resistance is at the 55-day MA at 0.6449 with sellers at 0.6445

  • More consolidation expected ahead of key US CPI later today

  • Key will be bond market reaction to the data as FX pairs following US yields

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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