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Mar 08 - 11:55 PM

AUD/USD - Retains Offered Tone Is Quiet Asian Session

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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