By John Noonan — Mar 08 - 10:20 PM
AUD/USD opened a couple pips higher as it consolidated Tuesday's plunge
It traded with an offered tone in Asia and eased to 0.6577 at one stage
Heading into the afternoon it is trading around 0.6585
AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 0.6694 with sellers tipped ahead of 0.6630
Key support is at the 61.8 of the 0.6170/0.7158 move at 0.6547
Bias is bearish due to divergent central bank expectations
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Source:
Refinitiv IFR Research/Market Commentary