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Apr 25 - 11:55 PM

AUD/USD - Recovery Extends As Risk Assets Steady And Yuan Recovers

By John Noonan  —  Apr 25 - 11:20 PM
  • AUD/USD staging a healthy recovery after Monday's vicious sell-off

  • Asian equity markets moving higher and the USD/CNH is well off early highs

  • AUD/USD is up 0.60% from NY close and up 1.25% from 0.7135 Monday low

  • Resistance is at former support at 0.7230/35 with high so far at 0.7224

  • Key resistance is at the 200-day MA at 0.7293 and break eases pressure

  • Support at 76.4 of 2022 low/high at 0.7131 validated by price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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