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Mar 24 - 07:55 PM

AUD/USD - Opens Lower After Wall Street Limps Into The Close

By John Noonan  —  Mar 24 - 05:41 PM
  • AUD/USD opens 0.58% lower after Wall Street fell the last hours of trading nL1N2LM32B

  • AUD/USD traded as high as 0.7628 before the afternoon slump in risk assets

  • Adding weight was a a late fall in NY copper to close over 1.5% lower

  • USD gained despite easing US yields as COVID infections rise in Europe

  • AUD/USD in short-term trend lower as 5, 10 & 21-day MAs in bearish alignment

  • Support @ Feb 2 low @ 0.7564 and break targets 50% of 0.6990/0.8007 @ 0.7498

  • Resistance is at the 100-day MA at 0.7612 and hourly top at 0.7628

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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