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Mar 15 - 01:55 AM

AUD/USD - Slumps To Support Levels As USD Demand Continues

By John Noonan  —  Mar 14 - 11:25 PM
  • AUD/USD opened -0.60% at 0.6581 after USD soared on firming US yields nL2N3FS26M

  • Weakness extended in Asia with the AUD/USD trading down to 0.6557

  • Heading into the afternoon it is trading around 0.6560

  • AUD/USD testing support at 0.6555/60 where the 200 & 21-day MAs converge

  • A close below 0.6555 targets trend-line support at 0.6497

  • Resistance is at the 10-day MA at 0.6582 with sellers ahead of 0.6600

  • AUD/USD likely to remain pressured ahead of RBA and Fed decisions next week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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