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Thomson Reuters
Mar 10 - 08:36 PM
AUD/USD - Under Pressure Early Asia As AUD/JPY Drifts Lower
First appeared on eFXplus on Mar 10 - 06:50 PM
  • AUD/USD down around 0.20% early trading - around the same amount as GBP/USD
  • Light AUD/JPY selling noted - with the dross around 0.25% lower
  • Market is a bit thinner than usual due to the Melbourne Labour Day holiday
  • Hourly resistance & sellers ahead of 0.7055 & break eases downward pressure
  • More resistance at the 10-day MA at 0.7080 and 21-day MA at 0.7101
  • Option bids ahead of 0.7000 & break targets 61.8 of 0.6715/0.7295 at 0.6936
  • Key today will be Tokyo AUD/JPY flows and moves in Asian equity markets

audusd Click here

Source:
Thomson Reuters IFR Markets

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