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