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Mar 21 - 07:55 AM

AUD/USD - On 0.66 Handle After Strong Australian Jobs Data

By Rob Howard  —  Mar 21 - 06:10 AM
  • AUD/USD elicits support pre-0.6600 after retreat from 0.6635 (one-week high)

  • 0.6600 is a former resistance level turned support point

  • AUD/USD vaulted 0.6600 in Asia, following strong Australian employment data

  • 0.6513 was Wednesday's low, before relatively dovish Fed guidance hurt USD

  • Goldman, JPM among brokerages doubling down on Fed rate cuts from June

  • Resistance levels beyond 0.6635 include 0.6667 (March 8 high) and 0.67

Source:
Refinitiv IFR Research/Market Commentary

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