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Mar 21 - 11:55 PM

AUD/USD - Recovers From Early Dip But Still Offered

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

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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