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Sep 18 - 07:55 PM

AUD/USD - Opens Slightly Higher Ahead Of RBA Minutes

By John Noonan  —  Sep 18 - 06:20 PM
  • AUD/USD opens 0.09% higher as USD broadly eased on Monday nL1N3AU22O

  • It dipped early NY before finding support at the 10-day MA at 0.6410

  • The 10-day MA moves up to 0.6416 today and bids are eyed ahead of 0.6400

  • The close above the 21-day MA (0.6431) suggests a slight bullish bias

  • Markets are moving sideways ahead of key FOMC decision on Wednesday

  • RBA minutes will be released today - but reaction should be limited

  • RBA likely to retain a slightly hawkish bias, but remain data dependent

  • AUD/USD resistance is @ the double-top @ 0.6522 with sellers ahead of 0.6500

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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