By John Noonan — Mar 30 - 11:05 PM
AUD/USD opened +0.43% at 0.6711 after USD broadly weakened nL1N3622M6
It moved up to 0.6726 when Tokyo bought AUD/JPY first up
AUD/USD received an additional boost from better than expected China PMI nAZN14S7SS
The AXJ equity index rose over 1.0% and the mood in Asia was upbeat
AUD/USD traded to 0.6737 before easing back to 0.6720/25 into the afternoon
Resistance is at the 200-day MA at 0.6752 and March 22 high at 0.6759
A break above 0.6760 would likely spark fresh buying
Support is at the 10-day MA at 0.6687 and 21-day MA at 0.6668
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Source:
Refinitiv IFR Research/Market Commentary