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Mar 29 - 09:55 PM

AUD/USD - Base At 0.7564, But Charts Suggest Still Vulnerable

By Andrew M Spencer  —  Mar 29 - 08:15 PM
  • +0.1% in a quiet start, as quarter end draws near - E-mini S&P +0.1%

  • Regulator in no rush to cool soaring Australian house prices [nL4N2LR4DU

  • Government reluctant to intervene, as higher prices net popular with voters

  • Surging China flat steel makers suggest need for Aussie ore nL4N2LE2NC

  • Charts; major double daily bottom in February and March at 0.7564 a base

  • Momentum studies conflict, 10 & 21 DMAs and 21 day Bolli bands head south

  • Bias on the downside while 0.7709/33 caps, 21 DMA and 38.2% Feb/Mar fall

  • NY 0.7625-0.7655 range is initial support and resistance

    For more click on FXBUZ



aud mar 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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