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Mar 23 - 07:55 PM

AUD/USD - Poised Above Key Support After Sharp Slide

By John Noonan  —  Mar 23 - 05:43 PM
  • AUD/USD opens 1.55% lower due to USD strength and NZD/USD collapse nL1N2LL2IGnL1N2LK2NX

  • Fall in key commodities adding to the bearish set-up for the AUD/USD nL1N2LL0ZX

  • AUD/USD teetering above key support around 0.7608/18 with Tuesday low 0.7617

  • The 38.2 of the 0.6990/0.8007 move is at 0.7618 and 100-day MA is at 0.7608

  • A break below 0.7600 initially targets the Feb 2 low at 0.7564

  • AUD/USD to get direction today from AUD/JPY flows and NZD/USD moves

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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