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Mar 24 - 12:12 AM

AUD/USD - Extends Gains As Risk Assets Soar In Asia

By John Noonan  —  Mar 23 - 10:35 PM
  • AUD/USD up 1.80% and hit 0.5944 as risk assets soar higher

  • S&P futures are up nearly 3.5% and the AXJ equity idex is up over 4.0%

  • Market is anticipating a rescue package will be approved by US Senate nL1N2BG0MP

  • This would follow unprecedented action by the Fed to keep credit liquid nL4N2BH09K

  • AUD/USD resistance at Frdiay's 0.5986 high and the 10-day MA at 0.6005

  • A break above 0.6010 would suggest downward momentum is waning









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Source:
Refinitiv IFR Research/Market Commentary

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