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Mar 28 - 07:55 PM

AUD/USD - Correction Possible As Technical Cracks Appear

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%

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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