By John Noonan — Apr 04 - 06:10 PM
AUD/USD was swept 0.61% higher as investors unloaded EUR/AUD
EUR/USD slid 1.2% as EU considering tighter sanctions on Russian energy nL5N2W21XZ
EUR/AUD collapsed over 7.0% at start of Russia-Ukraine conflict
AUD/USD tested resistance at Oct trend high at 0.7555 and printed 0.7556
A clear break above 0.7555 targets the 61.8 of 0.8007/0.6967 at 0.7609
RBA decision key event for today with no change expected
If RBA statement indicates a hawkish pivot, AUD/USD will head for 0.7600
If RBA continues to stress "patience" AUD/USD may retreat to 0.7500 nL3N2W202X
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Source:
Refinitiv IFR Research/Market Commentary