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Mar 26 - 03:48 PM

AUD/USD - Big Resistance Remains A Hurdle For Bulls

By Christopher Romano  —  Mar 26 - 02:00 PM
  • US$ lower overnight, weakness extends into early NY nL1N2BJ0HD

  • Mixed reaction after claims data nL1N2BJ0PP but US$ bears emerge again

  • Broad based US$ sales, rally in equities boost AUD/USD near 0.6075

  • AUD/USD bulls remain cautious, fail to probe 0.6075/0.6150 zone nL1N2BJ1I7

  • Pair can't hold below 10-DMA & daily RSI rises, daily techs lean bullish

  • AUD/USD longs likely need tighter CBS AUDCBS3M=ICAP swaps for more control







chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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