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Mar 31 - 07:55 PM

AUD/USD - Opens Unchanged After Quarter-End Flows Offset

By John Noonan  —  Mar 31 - 06:28 PM
  • AUD/USD opens unchanged around 0.7595 after trading as high as 0.7636

  • Quarter-end USD selling flows were absorbed by sellers ahead of 0.7650

  • AUD/USD vulnerable while 10-day MA (descends to 0.7634 today) holds

  • Support is at the double-bottom formed at 0.7564

  • Aus retail sales and trade data out today, but unlikely to impact AUD

  • Price action likely to be flow-driven ahead of Australia 4-day weekend

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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