Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Mar 11 - 01:55 AM

AUD/USD - Slips In Asia As AUD/JPY Selling Weighs

By John Noonan  —  Mar 10 - 11:25 PM
  • AUD/USD opened at 0.6630 after closing +0.11% at 0.6626 Friday

  • After a quiet start it came under pressure when the Nikkei slid 2.5%

  • Risk-off mood in Tokyo led to AUD/JPY selling and weighed on AUD/USD nL3N3FP04U

  • AUD/USD traded down to 0.6608 before settling around 0.6610/15

  • AUD/USD trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 55-day MA at 0.6602 and break targets 10-day MA at 0.6550

  • A break below 0.6540 would suggest a top is forming at 0.6667

  • Resistance is at Friday's 0.6667 high and 61.8 of the Dec-Feb fall at 0.6707

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!