By John Noonan — Mar 28 - 05:55 PM
AUD/USD opens -0.29% as USD broadly firmed led by USD/JPY nL2N2VV1NO
AUD/USD completed a bearish outside day after topping out at 0.7540
Daily Slow-stochastic study rolling over from severely overbought reading
A break below the 10-day MA at 0.7446 would suggest a top is forming
Australia company dividend payments may lead to AUD/USD selling
Resistance at Oct 28/29 high at 0.7555 and break would revitalise up-trend
Aus retail sales for Feb out today with market expecting +1.0%
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Source:
Refinitiv IFR Research/Market Commentary