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Mar 28 - 08:55 AM

AUD/USD - Gains Erode On US Rate Influence

By Christopher Romano  —  Mar 28 - 07:55 AM
  • Fresh 5-mo high set overnight, aided by equity ESv1, AUD/JPY gains

  • AU yields YTTc1 at 7 1/2-yr high, iron-ore DCIOc2 gains help buoy

  • 0.7540 high hit overnight, NY opens near 0.7520, pair then turns -ve

  • US$ USD buys, rise in US rates EDM3 help drive AUD/USD lower

  • Longs concerned as Daily RSI diverges & daily inverted hammer candle forms

  • Support at Friday's low, if breaks 0.7465/70, 0.7440/50 are next supports

  • For more click on FXBUZ






audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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