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Mar 24 - 01:55 AM

AUD/USD - Drop Might Kill Two Bulls With One Stone

By Ewen Chew  —  Mar 24 - 01:00 AM
  • AUD/USD continues falling second day in spite of lower US yields

  • Selloff sparked by NZD on Tues morphs into broader risk aversion

  • Potential break of key supports 100 DMA and Ichimoku Cloud base

  • Close below 0.7596 confirms two cues signalling end of bullish bias

  • Capitulation could follow, driving AUD/USD down toward 0.7500

  • Weekly Bollinger band at 0.7465 ought to provide some support

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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