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Mar 16 - 07:55 PM

AUD/USD - Sails Into New Week - EUR Provides Tailwind

By James Connell  —  Mar 16 - 06:20 PM

• AUD/USD rallied Fri as equity markets steadied and good news flowed from DE

• Outgoing German parliament spending package agreement EUR (& AUD) positive

• AUD begins near last week's 0.6335 high, multiple key events/data incoming

• China retail sales, industrial output, urban investment out 0200 GMT Mon

• Fed outcome announced 1800 GMT Wed; no change expected, uncertainty builds

• AU employment due Thur (Reuters poll +30k jobs, 4.1% unemployment)

• Range early Asia 0.6315-26, support 0.6260 0.6190, resistance 0.6335 0.6415
AUD mng


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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