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Mar 21 - 11:55 PM

AUD/USD - Moves Lower In Asia On Broad USD Strength

By John Noonan  —  Mar 21 - 10:50 PM
  • AUD/USD opened -0.20% at 0.7400 after hawkish comments from Fed's Powell nL2N2VO1LG

  • After trading 0.7401 it eased on steady USD buying flows - led by USD/JPY

  • AUD/USD traded down to 0.7376 before settling around 0.7385

  • It is trending higher with the 5, 10 & 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.7322 and break would suggest top is forming

  • Resistance is at the March 7 high at 0.7440 with sellers tipped 0.7420/30

  • AUD/USD supported by elevated communities while central bank divergence caps

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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