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Mar 21 - 01:55 AM

AUD/USD - Softens In Asia, Bulls' Resolve Set For Test

By James Connell  —  Mar 20 - 11:38 PM

• AUD/USD cedes ground, down 0.5% for week, March gain pared to 1.4%

• Risk-averse mood builds as chorus of central banks flag uncertainty

• Important 0.6260 support at risk, break to trigger stop-loss selling

• AU Feb CPI due March 26 (Reuters poll 2.5% weighted CPI y/y)

• RBA meeting Mar 31-Apr 1 comes into focus, no OCR change expected

• AUD range Asia 0.62865-0.6306, support 0.6260, resistance 0.6390 0.6415
AUD eod


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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