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Mar 16 - 02:55 AM

AUD/USD - Pivots Around 0.7750 As RBA Reiterates Dovish Bias

By John Noonan  —  Mar 15 - 11:00 PM
  • AUD/USD opened unchanged around 0.7755 and traded in a 0.7742/55 range

  • There was a muted response to the RBA Mnutes- which were clearly dovish nRUAFEEH9E

  • Asian equities were buoyant to help underpin AUD/USD at the lows nL4N2LE0PZ

  • AUD/USD support has formed at 0.7720/25 with bids tipped ahead of 0.7700

  • Resistance is at the 21-day MA at 0.7782 with sellers ahead of 0.7800

  • AUD/USD likely to hold range until the FOMC meeting on Wednesday

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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