By John Noonan — Mar 27 - 11:05 PM
AUD/USD opened flat at 0.6534 after Wall Street rally supported recovery from lows nL2N3G52FN
It dipped to 0.6515 following slightly weaker Aus retail sales nAZN1MPCJW
A trend line drawn from Oct 26 low comes in @ 0.6515 today and held again
USD/CNH eased from the morning high and helped to underpin AUD/USD bounce
AUD/USD traded to 0.6540 before settling at 0.6535
Resistance is at the 10-day MA at 0.6546 and a topside trend-line at 0.6614
A break of either 0.6514 or 0.6614 should see decent follow-through
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary