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
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Source:
Refinitiv IFR Research/Market Commentary