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Mar 24 - 01:55 AM

AUD/USD - Holds Firm In Asia, RBA Coming Into Focus

By James Connell  —  Mar 23 - 11:50 PM

• AUD/USD settles mid-range in Asia as sugar-hit from Ukraine talks wears off

• AUD survived early downside test before spiking, briefly touching 0.6295

• Optimism surged as U.S. flagged Apr 20 hope for Ukraine truce agreement

• The pair sits close to the 55-DMA, seeks inspiration for next leg

• AU

federal budget

due Tue, Feb CPI Wed (poll 2.5% CPI y/y)

• RBA meeting Mar 31-Apr 1 a growing focus, no OCR change expected

• Range Asia 0.6262-95, support 0.6260 0.6190, resistance 0.6390 0.6415
AUD eod


AUD eod


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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