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Apr 07 - 11:55 PM

AUD/USD - Edges Higher As Risk Assets Stage Modest Rally

By John Noonan  —  Apr 07 - 11:12 PM
  • AUD/USD opened 0.68% lower at 0.7612 after risk currencies fell against USD

  • It dipped to 0.7603 early Asia before buyers around 0.7600 underpinned

  • E-minis rose 0.40% and AXJ equities went positive after being down early

  • Modest risk rally helped push the AUD/USD to 0.7619 into the afternoon

  • The 10-day MA is at 0.7622 with break targeting 21-day MA at 0.7671

  • Buyers are tipped 0.7590/0.7600 with support down at April 1 low at 0.7532

  • Consolidation likely to continue while market seeks fresh factors

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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