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Mar 17 - 05:55 PM

AUD/USD - Completes Bullish Outside Day After Dovish Fed

By John Noonan  —  Mar 17 - 05:32 PM
  • AUD/USD opens 0.65% higher after USD fell in wake of dovish FOMC nL1N2LF2XI

  • Pair fell to 0.7699 before Fed and then completed a bullish outside day

  • Resistance is at the 50% retracement of the 0.8007/0.7621 move at 0.7813

  • More resistance comes in at the double-top formed at 0.7835/40

  • Close support at the 21-day MA at 0.7787 after it closed above that reading

  • More support comes in at 0.7742 where the 10 and 55-day MAs converge

  • AUD/USD likely to remain bid in immediate-term - as dovish Fed supports

  • Risk assets likely to remain buoyant after Fed and alos support AUD

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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