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Thomson Reuters
Mar 29 - 02:36 AM
AUD/USD - Marks Time Ahead Of A Potentially Volatile Week
First appeared on eFXplus on Mar 29 - 12:40 AM
  • AUD/USD drifts higher in Asia, supported by buoyant APAC stock markets
  • Risk sentiment bolstered by optimism on Beijing trade talks nL3N21G08E
  • Narrow ranges prevail, investors cautious ahead of risk events next week
  • RBA meeting, government budget, Apr 3 trade talks, global PMI data dominate
  • Government tax cuts, spending promises may obviate need for RBA rate cut
  • Strong support base at 0.7058-68; resistance 0.7110, stronger at 0.7140-50

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Source:
Thomson Reuters IFR Markets

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