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Mar 02 - 01:55 AM

AUD/USD - Finely Balanced At 100 DMA; May Settle In Fibo Range

By Ewen Chew  —  Mar 02 - 12:10 AM
  • AUD/USD slips, but recoups to balance at 100 DMA line 0.6744

  • Last at 0.6745, may bounce around within Fibos 0.6664-0.6780

  • Bollinger downtrend channel validated on Thurs close below 0.6779

  • Pullback after Wed rally cued by UST yields rising again

  • But AUD bears wary as China's reopening bounce appears sustainable

  • Optimism may build ahead of China's parliament meet nL1N35A05O

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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