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Mar 24 - 01:55 PM

AUD/USD - Dip Buys Are Nearing Their First Objective

By Christopher Romano  —  Mar 24 - 11:35 AM
  • Despite broad based US$ buys =USD AUD/USD hit s fresh 4-month high

  • Upbeat risk rallies equities ESv1, copper HGv1, iron-ore DCIOc2

  • Yen sold on upbeat risk, rallies AUD/JPY to a 6 1/2-yr high above 91.75

  • AUD/USD rally hits 0.75275 before pulling back slightly

  • Rally stalled short of 0.7535/55 where the Nov & Oct 2021 monthly highs sit

  • Rising daily, monthly RSIs imply bull momentum intact, further gains due

  • Should 0.7535/55 break longs the target psychological 0.7600 level

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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