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AUD/USD Rebound Continues Amid Positive Equity Tone

AUD

AUD/USD is continuing to recover, the pair last near 0.6570/75, +0.30% firmer for the session and the best performer in the G10 space so far. NZD/USD trails modestly at +0.25%. The A$ appears to be benefiting from the better risk tone in US equity futures (Eminis +0.35%), which has also aided AUD/JPY. This pair is back to 93.75, after finding support around 93.00 in NY trade. Yen is the weakest performer so far in Friday trade, although USD/JPY is down from session highs (near 142.90).

  • For AUD/USD we are through Thursday session highs. Note Wednesday highs came in at 0.6630, while the 50-day EMA sits near 0.6700.

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