By John Noonan — Mar 24 - 10:52 PM
AUD/USD opened 0.58% lower at 0.7581 after late fall on Wall Street
After trading at 0.7579 AUD/USD got support from AUD/JPY buying out of Tokyo
It stalled around 0.7600 before moving higher when Asian equities steadied
The Nikkei gained over 1.0% while E-Minis moved up 0.30%
AUD/USD traded to 0.7614 and was around the high into the afternoon
The 100-day MA comes in at 0.7612 and close above would relieve pressure
Sellers are tipped at 0.7625/30 with resistance at yesterday's 0.7634 high
Support is found at the Feb 2 low at 0.7564 and break fuel more selling
Key event later today will be US Treasury 62 billion 7-year auction
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Source:
Refinitiv IFR Research/Market Commentary