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Mar 14 - 10:55 PM

AUD/USD - Under Pressure As Key Support Looms

By John Noonan  —  Mar 14 - 09:45 PM
  • AUD/USD extending decline that started after US PPI data lifted US yields

  • Low so far this morning is 0.6566 - breaking Thursday's low at 0.6569

  • Asian equity markets sinking as market prices in less dovish Fed

  • Support is at the 200-day MA at 0.6560 and 21-day MA at 0.6557

  • A break below 0.6555 would confirm a top is in place at 0.6667

  • The downside target of a 0.6555 break is the March 5 low at 0.6477

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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