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Mar 22 - 07:55 PM

AUD/USD - Opens Higher As Huge AUD/JPY Buying Flows Underpin

By John Noonan  —  Mar 22 - 05:55 PM
  • AUD/USD opens +0.95% after AUD/JPY soared 2.0% higher on heavy buying

  • FX market in full blown risk-on mode with carry trade demand high

  • Investors jumping back into high-beta equities and bitcoin nL2N2VP2RYnL3N2VP277

  • AUD/USD broke above trendline resistance @ 0.7422 and March 7 high @ 0.7440

  • Next resistance is at 50% of 0.8007/0.6967 move at 0.7487

  • AUD/USD trending higher with the 5, 10 and 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.7345 and break would ease upward pressure

  • For more click on FXBUZ









aud/usd 1 Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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