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Apr 29 - 03:55 AM

AUD/USD - Rally Struggles To Hold Above 0.7800

By Krishna K  —  Apr 29 - 01:58 AM
  • AUD/USD up 0.1% in Asia but fails to sustain rally above 0.7800 yet again

  • Slips from 0.7818 1-month high as rally stalls ahead of 0.7826 resistance

  • Rally capped as Fed takes a rosier view of the U.S. economy nL1N2MK0XO

  • Downside limited as iron ore prices and copper prices remain elevated

  • Focus turns to U.S. GDP and core PCE, Germany CPI later Thursday

  • With eye on election, AU ditches austerity for economic repair nL4N2MM022

  • Resistance 0.7815-25, 0.7849, support 0.7750-55, 0.7725, 0.7690-95

  • For more click on FXBUZ


AUD/USD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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