Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 23 - 11:55 PM

AUD/USD - Remains Under Pressure As Bounce Sold Into

By John Noonan  —  Mar 23 - 10:55 PM
  • AUD/USD opened 1.55% lower at 0.7625 and after trading at 0.7634 it fell

  • AUD/JPY selling weighed and it traded down to 0.7598 - triggering stops

  • The selling relented but the bounce to 0.7616 met with selling

  • It dipped to 0.7594 before settling around 0.7600

  • AUD/USD traded below the 100-day MA (0.7608) for first time since Nov 4

  • AUD weighed down by correction taking place in EM and commodities nL4N2LL4GT

  • Technical picture negative as 5, 10 & 21-day MAs in bearish alignment

  • The next level of support is at the Feb 2 low at 0.7564

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!