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Mar 27 - 07:55 PM

AUD/USD - Opens Flat As Wall Street Rally Underpins At Lows

By John Noonan  —  Mar 27 - 06:00 PM
  • AUD/USD opens flat after recovering in US on back of Wall Street rally nL2N3G52FN

  • AUD/USD bounced off trend-line at 0.6512 Wednesday and is at 0.6514 today

  • Most of the FX volatility on Wednesday was in the USD/JPY V

  • AUD/USD in a pennant with top line at 0.6614 and bottom line at 0.6514

  • Closer resistance is at the 10-day MA at 0.6546

  • Aus Feb retail sales out today with market expecting +0.4% M/M

  • AUD/USD to be influenced by moves in the USD/CNH during Asian session

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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