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Mar 23 - 05:55 PM

AUD/USD - US Dollar Strength Trumped By Yen Sales

By Christopher Romano  —  Mar 23 - 02:10 PM
  • Yen moves seemed to influence AUD/USD more than other assets in NY

  • AUD/JPY lifted in Europe's morning but starting falling ahead of NY's open

  • The pair fell below 90.00, AUD/USD followed, traded 0.7482 down to 0.7454

  • Risk improved, stocks ESv1 bounce, copper HGv1, iron-ore DCOIc2 gain

  • Yen selling rallied AUD/JPY above 90.75, AUD/USD rallied to 0.7499

  • AUD/USD boost aided by Australian yields AU3YT=RR hold near 3 3/4-yr high

  • Techs are bullish; 10- & 21-DMAS crossed above 200-DMA, RSIs are rising

  • Dip buyers are staying aggressive, likely target 0.7600 nL2N2VQ1Q5

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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