By John Noonan — Apr 28 - 11:55 PM
AUD/USD opened +0.23% at 0.6533 as AUD best performing major currency Friday
Rally extended in Asia as carry demand and broad USD weakness underpinned
Asian equity markets upbeat and helped to encourage AUD carry trade buying nL1N3H203A
AUD/USD traded above the 38.2 of the Dec-April fall at 0.6556
The high in Asia so far has been 0.65698 and its around 0.6560/65
Support is at the 200-day MA at 0.6525 and 21-day MA at 0.6505
FOMC decision on Wednesday may limit large directional move in meantime
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary