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Mar 17 - 01:55 AM

AUD/USD - Offered Tone Persists, Lower Highs Form

By Krishna K  —  Mar 17 - 12:01 AM
  • AUD/USD drifts lower in Asia; traders cautious ahead of Fed meeting outcome

  • Elevated U.S. yields weigh, 10-year yield hovers near 1-year high

  • U.S. yields likely to rally as Fed expected to paint rosy picture of economy

  • Some expect majority of Fed's 18 policymakers to forecast rate hike by 2023

  • RBA Asst. Gov Chris Kent reiterates lower-for-longer rate view nS9N2H601G

  • Lower highs from Friday a bearish signal, need rally above 0.7757 to nullify

  • Support 0.7690-0.7700, resistance 0.7775-80, 0.7800-05

  • Related nL1N2L82OTnL1N2L72RT

  • For more click on FXBUZ


Fed vs. private 2021 GDP outlook: Click here

Substantial further progress for the Fed? : Click here

Source:
Refinitiv IFR Research/Market Commentary

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