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Mar 29 - 11:55 PM

AUD/USD - Consolidates Above 0.7500 As USD Eases Led By USD/JPY

By John Noonan  —  Mar 29 - 11:10 PM
  • AUD/USD opened +0.20% at 0.7507 after USD broadly weakened on Ukraine optimism nL2N2VW1PX

  • AUD/USD traded in a 0.7504/25 range in Asia and is steady around 0.7510

  • Most of the action was in the USD/JPY with it falling below 1.2200

  • The USD merely traded with an offered tone against other currencies

  • AUD/USD resistance is at 0.7540 and the Oct trend higher at 0.7555

  • Support @ the 10-day MA at 0.7469 and break would suggest momentum is waning

  • A break below 0.7450 targets the 21-day MA at 0.7377

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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