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Apr 06 - 03:55 AM

AUD/USD - Maintains Resilience, Defying Fresh Risk-Off

By Ewen Chew  —  Apr 06 - 02:15 AM
  • AUD/USD still displays bullish bias above 0.7555 support

  • Another close above Oct peak will encourage longs to hold

  • Would also re-validate Bollinger uptrend channel

  • AUD resilient despite risk-off cued by Fed-speak nL2N2W3162

  • Increasingly hawkish Fed view mitigated by RBA pivoting

  • Australia c.bank finally paves way for tightening nL3N2W40LY

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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