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Apr 18 - 10:55 PM

AUD/USD - Under Pressure As Asia Off To A Gloomy Start

By John Noonan  —  Apr 18 - 08:55 PM
  • AUD/USD under pressure and below yesterday's 0.6416 low in early trading

  • Asian investors spooked by hawkish Fed expectations as equity markets sink nL2N3GR25E

  • Nikkei down 2.0%, Australia ASX down 1.0% and E-minis off 0.35%

  • AUD/USD buyers tipped 0.6385/0.6400 with this week's low at 0.6389

  • A break below 0.6385 doesn't find support until Oct 26 low at 0.6271

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is at the 10-day MA at 0.6485

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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