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Mar 25 - 08:36 PM

AUD/USD - Breaks Lower As Support At 0.5930/35 Gives Way

By John Noonan  —  Mar 25 - 06:50 PM
  • AUD/USD fell to 0.5906 after stops below 0.5930 were triggered

  • Buyers stepped in ahead of 0.5900 to underpin for now

  • The 0.5930/35 level was here 10-day MA and yesterday's low converge

  • Market was caught long anticipating passage of US aid bill

  • Delays in passing the bill appears to have left the longs a bit stale nL1N2BI0KN

  • AUD/USD back to 0.5925 now that the stops have been cleared




Source:
Refinitiv IFR Research/Market Commentary

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