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Mar 21 - 07:55 PM

AUD/USD - Opens Slightly Lower After Hawkish Turn In Fed Expectations

By John Noonan  —  Mar 21 - 05:40 PM
  • AUD/USD opens -0.20% after Wall Street fell and US yields soared on Powell comments nL2N2VO2GWnL2N2VO1UY

  • Growing Russia-Ukraine concerns weighs on risk but may underpin AUD

  • AUD/USD trending higher with 5, 10 and 21-day MAs in bullish alignment

  • Support at 10-day MA at 0.7323 and break would ease upward momentum

  • Resistance is at the March 7 trend high at 0.7440

  • AUD/JPY flows in focus as Tokyo returns from holiday

  • Asian equity markets also key in setting the mood in Asia

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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