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May 05 - 01:55 AM

AUD/USD - Moves Higher As Risk Assets Steady And Aus Data Strong

By John Noonan  —  May 04 - 11:40 PM
  • AUD/USD opened 0.68% lower at 0.7711 after USD broadly moved higher nL1N2MR218

  • After trading 0.7709 it tracked higher for the rest of the morning

  • Asian equity markets steadied, E-minis rose 0.3% and Lon copper rose 0.65%

  • Aus building approvals came in much stronger than expected and gave support nAZN06YK00

  • Heading into the afternoon AUD/USD was at session high at 0.7735/40

  • Resistance is at the 10-day MA at 0.7750 and break eases downward pressure

  • Support is at 0.7675 where 50% of 0.7532/0.7818 and yesterday's low converge

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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