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Mar 02 - 11:55 PM

AUD/USD - Firmer As The U.S. Dollar, Treasury Yields Slip

By Andrew M Spencer  —  Mar 02 - 10:20 PM

  • Up 0.15% at the mid point of a 0.6724-0.6752 range with moderate flow on D3

  • AUD bid on the softer U.S. dollar as Treasury yields eased 10yr -2bp 4.055%

  • Mixed markets, E-mini S&P -0.25%, Nikkei +1.45% and AsiaxJP stocks +0.45%

  • Charts; momentum studies conflict, 21 day Bollinger bands contract

  • 10 and 21 day moving averages head lower - setup remains bearish

  • AUD has traded a 0.6695-0.6782 range this week which looks set to hold

  • Break above 0.6780 10 day moving average would be positive for next week

  • Sustained break of 0.6664, 50% 2022-2023 rise would trigger next leg lower

    For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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