By John Noonan — Oct 23 - 11:05 PM
AUD/USD opened -0.33% at 0.6334 after US yields reversed lower nL1N3BT1YV
AUD/USD moved higher after Monday's bullish outside day reversal
Funds covered short EM currency positions with the USD/THB falling 0.40% nL1N3BU04Q
AUD/USD performed and tested the 21-day MA at 0.6362 before stalling
Key resistance is at the 55-day MA at 0.6409 with offers ahead of 0.6400
A break above 0.6410 would confirm a bottom is in place
Support at 0.6285/0.6300 stubborn and frustrating AUD/USD bears
Key will be investor risk appetites in face of geopolitical risks
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Source:
Refinitiv IFR Research/Market Commentary