By John Noonan — Apr 15 - 11:55 PM
AUD/USD opened -0.31% at 0.6441 after USD moved up on higher US yields nL2N3GO2H7
AUD/USD came under pressure in early Asia as risk assets sold off nL2N3GP032
USD/CNH climbed higher to put more pressure on the AUD/USD nL2N3GP02Z
AUD/USD traded down to 0.6408 before steadying above 0.6410
There was a muted reaction to mixed China data as GDP beat and IP and Retail sales missed nP8N3FE05DnP8N3FE05C
AUD/USD support at 76.4 of Oct-Dec rise at 0.6412 proving a bit sticky
Trend lower is developing and a break below 0.6400 targets Oct low at 0.6271
Resistance is at 0.6530/35 where the 10 & 21-day MAs converge
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary