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Mar 22 - 08:55 AM

AUD/USD - Gap Close To Being Filled After Shift In Risk

By Christopher Romano  —  Mar 22 - 07:21 AM
  • Sacking of CBRT governor drives risk-=off in overnight trade nL8N2LK1WA

  • AUD/USD gaps open, dives down to 0.7689, nears the daily cloud top

  • Risk sentiment improves as UST 10-yr yield sinks, equities bounce

  • US$ sellers emerge, USD/CNH dips below 6.5050 in early NY trading

  • AUD/USD lifts slowly, hits 0.7738, nears Friday's 0.77445 (D3) close

  • Pair still down small on the day but a daily bull hammer forms

  • 55-, 10- & 21-DMAs are impediments sitting above Friday's close

  • Break above the MAs & Friday's high could lead to 0.7845/50 test

  • For more click on FXBUZ




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Source:
Refinitiv IFR Research/Market Commentary

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