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