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Mar 14 - 07:55 PM

AUD/USD - Quiet Start To What May Be A Busy Week

By John Noonan  —  Mar 14 - 05:51 PM
  • AUD/USD is trading around 0.7757 - where it closed on Friday

  • AUD/USD fell 0.39% on Friday after USD broadly firmed on higher US yields nL1N2LA2F9

  • Support has formed around 0.7725 where it bottomed on Thursday and Friday

  • Resistance comes in at the 21-day MA at 0.7784 and Friday's high at 0.7801

  • AUD/USD may consolidate ahead of Key FOMC meeting that concludes Wednesday

  • Fed event should impact US yields, risk assets and USD direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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