By John Noonan — Apr 22 - 09:30 PM
AUD/USD trying to grind through sell orders around 0.6460 in early Asia
It is above the 10-day MA (0.6454) for first time since April 10
Downward momentum has stalled with the 5-day MA now pointing higher
AUD getting support from rising risk appetite as geopolitical concerns fade nL2N3GV2QW
Next resistance is at the 21-day MA ay 0.6505 where more selling is tipped
AUD/USD upside may be limited ahead of inflation data from Australia and US
Aus Q1 CPI is out on Wednesday, while US PCE price index is out Thursday
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Source:
Refinitiv IFR Research/Market Commentary