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Mar 31 - 01:55 AM

AUD/USD - Heavy Tone As AUD-Cross Selling Caps Rallies

By John Noonan  —  Mar 30 - 11:25 PM
  • AUD/USD opened unchanged at 0.7510 after AUD fell against EUR, JPY and NZD

  • It fell to 0.7492 when USD/JPY gains led USD higher

  • Buyers returned when Dalian iron ore jumped 4% and AUD/USD traded 0.7528

  • It fell quickly from the higher and is back below heading into the afternoon

  • AUD/USD is struggling to rally as investors unwind long AUD/EUR and AUD/JPY

  • Support is at the 10-day MA at 0.7482 and break would suggest top is forming

  • Resistance is at the Oct high at 0.7555 and break would reenergize trend higher

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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