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Mar 28 - 02:55 AM

AUD/USD - Consolidates Above 0.7500 In Quiet Asia

By John Noonan  —  Mar 27 - 11:25 PM
  • AUD/USD opened 0.7505 after closing unchanged at 0.7514 on Friday

  • After trading at 0.7500 the AUD/USD slowly tracked higher

  • Once again it was AUD/JPY buying that underpinned AUD/USD

  • AUD/JPY was up over 0.70% in Asia after rising over 3% last week

  • AUD/USD traded to 0.7524 before settling around 0.7520

  • Resistance is at the Oct 29 high at 0.7555

  • Support is Friday's 0.7495 low and former resistance at 0.7440

  • AUD/USD trending higher with 5, 10 & 21-day MAs in a bullish alignment

  • Only a break below 10-day MA at 0.7418 would suggest top is forming

  • For mo

  • re click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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