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Mar 10 - 09:55 PM

AUD/USD - Recovers From Early Dip As Equities Perk Up

By John Noonan  —  Mar 10 - 09:30 PM
  • AUD/USD opened 0.21% high at 0.7731 after benign US CPI weighed on US yields and USD nL1N2L81VX

  • Asia got off to a sluggish start and the AUD/USD dipped to 0.7624

  • Asian equities and E-minis got a boost when China CSI 300 moved up over 2.0% nP8N2L000M

  • AUD/USD reversed higher and is trading just around 0.7745 into the afternoon

  • Support now at the 55-day MA at 0.7727 with buyers ahead of 0.7720

  • Resistance is at the 38.2 of 0.8007/0.7621 at 0.7768 and 21-day MA at 0.7782

  • AUD/USD consolidating for now with no clear trend established

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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