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Mar 24 - 10:55 PM

AUD/USD - Better Bid As AUD/JPY Buying Provides Support

By John Noonan  —  Mar 24 - 08:35 PM
  • AUD/JPY buying in early Asia helping to underpin AUD/USD at the lows

  • AUD/JPY up around 0.30% since the NY close while AUD/USD touched 0.7600

  • E-mini futures +0.22% while early Asian positive with Nikkei +0.66%

  • AUD/USD resistance at the 100-day MA at 0.7612 with sellers 0.7625/30

  • Support is found at the Feb 2 low at 0.7564

  • AUD/USD trending lower as 5, 10 and 21-day MAs in bearish alignment

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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