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