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Mar 05 - 05:55 PM

AUD/USD - Rides High On Wave Of Euro Optimism

By Refinitiv  —  Mar 05 - 04:58 PM

• AUD/USD broke 0.6330 resistance overnight, as EUR surged higher

• EUR/USD +1.5% Wed on proposed DE fiscal expansion & U.S. tariff flexibility

• Slow off the mark, AUD is now up 2.1% this week, looking to extend its rally

• China stimulus announced Wed should provide further support to the pair

• AU Jan building approvals (poll +0.5%), balance on goods (poll +5.5 bln)

• Overnight AUD range 0.62635-0.63425, support 0.6190, resistance 0.6415
AUD and EUR mng


AUD mng

Source:
London Stock Exchange Group | Thomson Reuters

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