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Mar 24 - 11:55 PM

AUD/USD - Claws Back Some Ground As AUD/JPY Buying Supports

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

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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