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Mar 19 - 03:55 PM

AUD/USD - Fed's SLR Decision Cannot Drive A Range Break

By Christopher Romano  —  Mar 19 - 01:44 PM
  • AUD/USD rallies above 0.7770 in Europe am, NY opens near 0.7760

  • Equities & copper slide in early NY, US$ is bought, AUD/USD sinks

  • Slide intensifies as UST yields rally after Fed decision on SLR nL1N2LH0YZ

  • AUD/USD falls below the 10 & 55-DMAs, trades to a 0.77175 session low

  • Risk sentiment improves; copper & stocks bounce while US$ gets sold

  • AUD/USD rallies above 0.7750 before dipping near 0.7745 late in the day

  • AUD/USD consolidating gains off March 9 low as it trades 0.7700/0.7860 range

  • Monthly techs lean bullish but investors seem reluctant to be aggressive

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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