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Mar 09 - 06:55 AM

AUD/USD - Reclaims 0.77 Handle As Nasdaq Futures Leap

By Rob Howard  —  Mar 09 - 04:58 AM
  • AUD/USD hits 0.7705 after extending north from 0.7621 (Asian session low)

  • 0.7621 = lowest level since Feb 5 (0.7624 was Friday's low after NFP beat)

  • Rise to 0.7705 influenced by big gains for U.S. equity futures; Nasdaq +1.9%

  • See: nL8N2L72CO. AUD is risk-sensitive currency (Nasdaq fell 2.4% Monday)

  • Asia low was 3 pips shy of 38.2% Fibo of 0.6990-0.8007 (Nov low/Feb high)

  • 0.7723 (Monday's high) is a resistance level. RBA's Lowe speaks at 2200GMT

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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