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USD Strength Persists Through WMR Fix

FOREX
  • Post-Powell USD strength persists through the Tuesday WMR fix, helping pressure EUR/USD, AUD/USD, GBP/USD and the likes to fresh lows.
  • EUR/USD has made a clean break below the mini-uptrend support drawn off the Feb 27 low, with 1.0533 marked as the next intraday downside level.
  • AUD/USD weakness has the pair within range of a test on the $0.66 handle support, with weakness through here putting AUD/USD at the lowest since mid-November
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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