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Mar 23 - 01:55 PM

AUD/USD - Dip Buyers Are Staying Aggressive

By Christopher Romano  —  Mar 23 - 11:55 AM
  • AUD/USD turned negative in early NY trading, 0.74535 hit then buyers emerged

  • Equity ESv1 bounce off lows, copper HGv1 gains help buoy risk sentiment

  • Improves risk drive some yen sales, AUD/JPY rallies above 90.75

  • Australian yields AU3YT=RR near 3 1/2-year highs help prop up the A$

  • AUD/USD nears 0.7500 before a slight dip, pair up +0.33% into NY mid-day

  • Daily, monthly RSIs rising & not overbought, implies upside momentum remains

  • Dip buyers becoming aggressive, probability for test of 0.7600 is growing

  • For more click on FXBUZ



audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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