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Mar 25 - 02:36 AM

AUD/USD - Fights Back But Fatigue Setting In As S&P Drops

By Ewen Chew  —  Mar 25 - 12:55 AM
  • AUD/USD cranks up to 0.5990 but struggles to break 0.6000

  • Fatigue setting in after surge of risk-taking cued by Wall St

  • Tentative 1.9% drop in S&P futures injects some doubt

  • Optimism for US stimulus bill may have run its course nL1N2BH0HC

  • AUD/USD returns to bearish mode if it ends below 0.5938 Wed

  • Bollinger downtrend channel points back down to 18-yr low 0.5510













Source:
Refinitiv IFR Research/Market Commentary

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