By John Noonan — Mar 27 - 06:00 PM
AUD/USD opens flat after recovering in US on back of Wall Street rally nL2N3G52FN
AUD/USD bounced off trend-line at 0.6512 Wednesday and is at 0.6514 today
Most of the FX volatility on Wednesday was in the USD/JPY V
AUD/USD in a pennant with top line at 0.6614 and bottom line at 0.6514
Closer resistance is at the 10-day MA at 0.6546
Aus Feb retail sales out today with market expecting +0.4% M/M
AUD/USD to be influenced by moves in the USD/CNH during Asian session
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary