By John Noonan — Apr 07 - 06:25 PM
AUD/USD opens 0.68% lower and was worst performing major currency nL1N2M02EU
AUD/USD also weighed won by weaker commodities and fall in EM assets nL1N2M00F4
Emerging market ETF fell 1.47% and NY copper fell 1.50%
AUD/USD close below 10-day MA (0.7621) will encourage bears
Buyers tipped 0.7590/0.7600 with support at April 1 trend low at 0.7532
Resistance at 21-day MA (0.7671) validated by Wednesday price action
Key in Asia will be AUD/JPY flows and AXJ equity markets
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Source:
Refinitiv IFR Research/Market Commentary