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Mar 29 - 01:55 AM

AUD/USD - Settles Around 0.7490 After Choppy Start To The Day

By John Noonan  —  Mar 28 - 11:15 PM
  • AUD/USD opened -0.29% after USD/JPY led USD broadly higher nL2N2VV1NO

  • It moved up to 0.7508 in early Asia before Tokyo sold AUD/JPY\

  • AUD/JPY fell over 0.50% with the AUD/USD trading down to 0.7475 at one stage

  • Price action settled and the AUD/USD sat around 0.7490 into the afternoon

  • Aus retail sales released today was better than expected but had no impact nAZN02BOQC

  • AUD/USD trending higher but techs are overbought after bearish outside day nL3N2VW0GD

  • Support is at the 10-day MA at 0.7445 and break would suggest top is forming

  • Key resistance is at the Oct 28/29 high at 0.7555 and break would renergize up-trend

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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