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22 Mar 2016
AUD/USD: bulls remain in control above 0.7520
AUD/USD remains bid after Stevens refusing to comment on the Aussie in last nights speech in Asia at the ASIC Annual Forum 2016, Sydney.
AUD/USD has been in a range around the 0.76 handle, with less commitment from the bulls the further it advances and offers taking over through 0.7620/40. There is a lack of impetus currently while we await Fed Evans and API data later today before quiet calendar in Asia and ahead of durable good and US GDP later in the week.
AUD/USD levels
AUD/USD is above the pivot of 0.7592 and has the 10 dma at 0.7545 at S1 at 0.7544 and S3 at 0.7506. The pair remains below the high of 0.7681 scored last Friday, but while above 0.7520, the bulls can focus on the major 0.7740 resistance level, as noted by analysts at UOB group.
AUD/USD has been in a range around the 0.76 handle, with less commitment from the bulls the further it advances and offers taking over through 0.7620/40. There is a lack of impetus currently while we await Fed Evans and API data later today before quiet calendar in Asia and ahead of durable good and US GDP later in the week.
AUD/USD levels
AUD/USD is above the pivot of 0.7592 and has the 10 dma at 0.7545 at S1 at 0.7544 and S3 at 0.7506. The pair remains below the high of 0.7681 scored last Friday, but while above 0.7520, the bulls can focus on the major 0.7740 resistance level, as noted by analysts at UOB group.