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Mar 30 - 09:55 PM

AUD/USD - Better Bid As AUD/JPY Demand Supports

By John Noonan  —  Mar 30 - 08:50 PM
  • AUD/USD briefly traded above yesterday's 0.6717 high to 0.6726

  • Move up was helped by AUD/JPY demand - as cross rose over 0.50%

  • AUD/USD resistance is at the 200-day MA at 0.6752

  • Reuters poll shows 14 of 27 polled predicting a 25 bp hike to 3.85% nL4N3613ZM

  • The market is only pricing in around a 13% chance of a 25 bp hike

  • AUD/USD has settled around 0.6715 - with support at 10-day MA at 0.6687

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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