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Mar 15 - 07:55 PM

AUD/USD - Opens Unchanged After Late Risk Rally

By John Noonan  —  Mar 15 - 06:01 PM
  • AUD/USD opens unchanged around 0.7755 after trading as low as 0.7706

  • Late rally on Wall Street helped support the AUD/USD into the NY close

  • USD lost ground when 10-yearUS yield slipped to 1.607% from 1.639% earlier nL1N2LD2M6

  • Consolidation likely ahead of key FOMC meeting that concludes Wednesday

  • No trend evident as short-term moving averages mixed and converging

  • Buyers tipped ahead of 0.7700 with sellers ahead of 0.7800

  • Support hs formed around 0.7620/25 while 21-day MA at 0.7783 is resistance

  • RBA Minutes the main event for AUD today, but no surprises expected

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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