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Mar 30 - 08:55 PM

AUD/USD - Opens Lower And Completes Bearish Outside Day

By John Noonan  —  Mar 30 - 06:35 PM
  • AUD/USD opens 0.46% lower after higher USD and weak commodities weighed nL1N2LS1MMnL1N2LS0IJ

  • AUD.USD completed a bearish outside day - closing below 0.7600

  • Key support @ double-bottom @ 0.7564 and break targets 200-day MA at 0.7381

  • Resistance at 10-day MA at 0.7650 and break eases downward pressure

  • Price action to be dominated by end of month flows

  • Aus private sector credit, building approvals and China PMI on tap today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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