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Mar 04 - 09:55 PM

AUD/USD - Steady As China Forecasts And Aus Data Not Impacting

By John Noonan  —  Mar 04 - 07:45 PM
  • AUD/USD steady just below 0.6510 in quiet Asian trading so far

  • Market ignoring China's targets for coming year, as there are no surprises nP8N3E901S

  • Aus net export contribution to GDP & Q4 current account better than expected nAZN1LB8Q2nAZN1LB8Q3

  • Data partially offsets Monday's disappointing fall in business inventories

  • AUD/USD resistance is at the 21-day MA at 0.6522 and 10-day MA at 0.6529

  • Support is at last week's lows made between 0.6485/90

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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