Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 24 - 07:55 PM

AUD/USD - Opens Higher As AUD/JPY Surge Continues To Underpin

By John Noonan  —  Mar 24 - 05:50 PM
  • AUD/USD opens +0.17% after bouts of AUD/JPY buying supported on dips

  • The AUD/JPY rose another 1.15% to a 6 1/2 high just shy of 92.00

  • The cross buying helped to off set moves lower in key commodities nL2N2VR067

  • AUD/USD continues trend higher with 5, 10 & 21-day MAs in bullish alignment

  • The next resistance is the Oct 28 trend high at 0.7555

  • More resistance is at the 61.8 of the 0.8007/0.6967 move at 0.7609

  • Support is at former resistance at 0.7440 and 10-day MA at 0.7385

  • AUD/USD is overbought technically and a small pullback wouldn't surprise

  • Trend is still higher so pullbacks should be buying opportunities

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!