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Mar 25 - 03:55 PM

AUD/USD - Bulls Pull Back But Still Hold On To Gains

By Christopher Romano  —  Mar 25 - 01:59 PM

(Corrects typo in headline)

• NY opened near 0.6315 after 0.62785 traded overnight, rally extended a bit

• 0.6325 traded as upbeat risk weighed on the US$, sellers emerged however

• Equities gave up gains, gold eroded most gains & AUD/JPY traded lower

• USD/CNH hold onto positive territory, US yield slip added weight

• AUD/USD sat near 0.6305 in NY's afternoon, traded up +0.27% late in the day

• Techs lean bullish; RSIs rising, pair above 55-DMA & daily cloud

• Australia February CPI is a data risk in Asia

• Feb. US durable goods remarks from Fed's Kashkari, Musalem are risks in NY
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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