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Mar 31 - 07:55 PM

AUD/USD - Consolidates, Lays Groundwork For More Gains

By Krishna K  —  Mar 31 - 06:15 PM
  • AUD/USD opens on a soft note after 0.35% decline Thursday on risk aversion

  • Lack of progress in Russia-Ukraine peace talks sours risk mood nL5N2VX7KZ

  • Sluggish China PMIs, lower oil prices thwart AUD rally attempts

  • Downside limited on elevated commodity prices, rising Australian bond yields

  • Upbeat domestic economic data supports; RBA meeting Tuesday keenly awaited

  • AUD/JPY flows out of Tokyo, China Caixin PMI and U.S. jobs data Fri eyed

  • Support, 0.7470, 0.7450-55, resistance 0.7510-15, pivotal at 0.7530-40

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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