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Mar 23 - 09:48 PM

AUD/USD - Pushing Higher As S&P Futures Up Over 2.0%

By John Noonan  —  Mar 23 - 07:45 PM
  • AUD/USD above 0.5870, as upward momentum from last hour in NY continues

  • Move higher co9rresponding with move up in S&P futures of over 2.0%

  • Upbeat mood likely due to hope US Senate will eventually agree to aid bill

  • Break above 0.5850 targets Friday's high at 0.5987

  • Key resistance at 10-day MA at 0.6005, as break would ease downward pressure






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Source:
Refinitiv IFR Research/Market Commentary

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