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Refinitiv
Mar 11 - 09:55 PM

AUD/USD - Sustains Offshore Gains - Risk Remains Resilient

By Andrew M Spencer  —  Mar 11 - 07:41 PM
  • Flat after closing up 0.65%, with buoyant risk appetite and the softer USD

  • China's import freeze on Australian timber likely protracted nL4N2KA1SV

  • Positive local stocks, Nikkei +0.25%, AsiaxJP +0.4% and E-mini S&P +0.15%

  • AUD is again a bellwether for global risk appetite and the USD leads

  • No significant data - tight Asian range likely unless there is news

  • Charts; momentum studies, 5, 10 & 21 DMAs base or rise - positive setup

  • Bounce capped by 0.7786 21 DMA - close above would be a bullish signal

  • NY 0.7737 low and 0.7814, 50% Feb-Mar fall are initial support, resistance

    For more click on FXBUZ


aud mar 12 Click here

Source:
Refinitiv IFR Research/Market Commentary

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