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Mar 31 - 01:55 AM

AUD/USD - Tracks Higher In Upbeat Asian Session

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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