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