By John Noonan — Mar 21 - 10:54 PM
AUD/USD gapped lower and traded down to 0.7689 in early Asia
Fall in thin trading due to collapse in TRY after c.bank chief sacked nL1N2LJ05O
Relatively steady Asian equity open helped AUD/USD fill most of early gap
AUD/USD traded to 0.7734 before coming under light pressure again
Heading into the afternoon it was trading 0.7715/20
Resistance is at the 10-day MA at 0.7752 and break eases downward pressure
Minor support at March 10 low at 0.7668 and break targets 0.7620/25
Risk assets looking fragile and AUD/USD may struggle at start of the week
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Source:
Refinitiv IFR Research/Market Commentary