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Apr 19 - 01:55 AM

AUD/USD - Consolidates Gains In Quiet Asian Session

By John Noonan  —  Apr 18 - 11:35 PM
  • AUD/USD opened +0.40% at 0.6728 after USD broadly eased on Tuesday nL1N36L0WM

  • Asia only managed a 0.6716/41 range and it is 0.6725/30 into the afternoon

  • Support is at 0.6695/0.6700 where the 10 & 21-day MAs converge

  • Resistance is at the 100-day MA at 0.6800 and clear break would be bullish

  • AUD likely to be underpinned by better China data and hawkish RBA message nL4N36L52X

  • Lack of US data this week may see a period of consolidation

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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