Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 11 - 11:55 PM

AUD/USD - Steady Ahead Of US CPI-Shruggs Off Drop In Iron Ore

By John Noonan  —  Mar 11 - 11:00 PM
  • AUD/USD opened -0.18% at 0.6614 and traded in a 0.6610/21 range in Asia

  • Market shrugged off a 3% fall in Dalian iron ore and was flat into the afternoon nL3N3FQ0LW

  • FX trading was extremely light in Asia ahead of US CPI later today

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.6557 and break would warn a top is forming

  • Resistance is at Friday's 0.6667 high and 61.8 0f Dec-Feb fall at 0.6707

  • Key later today will be bond and equity market reaction to US CPI

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!