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Mar 30 - 03:55 PM

AUD/USD - Soft Into NorAm Close, Bears Eye Early Feb 2021 Low By 0.7564

By Paul Spirgel  —  Mar 30 - 01:55 PM
  • AUD/USD ends NY -0.48% at 0.7595; NY range 0.7622-0.7590

  • Pair tethered to 100-DMA by 0.7623, capped ahead of 10-DMA 0.7670

  • UST yield rise, US govt stimulus & upbeat COVID recovery lift USD

  • Upbeat glbl growth tones temper AUD fall amid pockets of recovery

  • AUD/USD down but not out as upbeat growth tones temper weakness nL1N2LS1I4

  • Bulls need a move back w/in daily cloud (0.7787-0.7699) to stem bearish tide

  • Below lower 30-d Bolli at 0.7562 bears target Dec 21 flash low at 0.7463

  • For more click on FXBUZ

AUD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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