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Mar 31 - 09:55 PM

AUD/USD - Uptrend Stalled, 0.7440 And 0.7540 Pivotal Levels

By Andrew M Spencer  —  Mar 31 - 08:20 PM

  • +0.05% after falling 0.35%, as risk and most commodities eased offshore

  • No significant Australian data or scheduled RBA events - risk and USD lead

  • Expecting tight consolidation ahead of often volatile U.S. payrolls tonight

  • Latest poll suggests the RBA will begin raising rates in Q3 nL3N2VW1GP

  • Charts; momentum studies crest, as 21 day Bollinger bands rise

  • 5, 10 & 21 day moving averages conflict - uptrend has stalled

  • Break of this week's 0.7540 top or 0.7440 prior March top likely directional

  • NY 0.7481 - 0.7514 range is initial support and resistance

  • For more click on FXBUZ

For more click on FXBUZ


aud Apr 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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