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Mar 20 - 07:55 PM

AUD/USD - Quiet Start After Strong Showing Last Week

By John Noonan  —  Mar 20 - 05:40 PM
  • AUD/USD closed +0.54% Friday to cap off a 1.67% gain for the week

  • AUD best performing major currency due to elevated commodities and AUD/JPY buying

  • It is off to a slow start this week with Tokyo on holiday

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.7312 and break would ease pressure

  • Resistance is at the March 7 trend high at 0.74440

  • Key today will be moves in Asian equity markets after last week's gains

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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