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Mar 01 - 07:55 PM

AUD/USD - Rallies And Outperforms On Equity Market Surge

By John Noonan  —  Mar 01 - 05:35 PM
  • AUD/USD opens 0.74% higher, as AUD gained against all major currencies

  • The big rally in global equities and bounce in EM assets underpinned nL2N2KZ2XG

  • AUD/USD support at the 55-day MA at 0.7708 validated by price action

  • Resistance is at the 38.2 of 0.8007/0.7692 at 0.7812 and 10-day MA at 0.7831

  • RBA decision today with no change expected - focus will be on statement nL3N2KZ01K

  • Aus building approvals and current account out today but unlikely to impact

  • RBA may emphasize risks to temper yields - which may weigh on AUD slightly

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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