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Mar 18 - 02:36 AM

AUD/USD - Settles Above 0.6000 As USD Slightly Easier

By John Noonan  —  Mar 17 - 11:30 PM
  • AUD/USD opened 0.5999 and traded in a 0.5882/0.6028 range

  • Heading into the afternoon it was settling around 0.6010

  • The AUD/USD traded at the lows when AUD/JPY fell over 0.50%

  • Move down was due to S&P futures falling over 3.0%

  • The S&P futures fall pushed the US 10-year yield down to 1.01% from 1.08%

  • The easier US yield broadly weighed on the USD after strong gains yesterday nL4N2BA60G

  • AUD/USD support at yesterday's 0.5957 low and not much below there

  • Hourly resistance at 0.6035/40 with sellers ahead of 0.6050








audusd 1 Click here

audusd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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