Aussie has begun correcting lower, although the AUD remains resilient AUDUSD $AUD $AUDUSD
he 0.7490 price zone after bottoming for the day at 0.7466. The Australian dollar remains resilient, as it barely gave up, despite the poor performance of equities and a strengthening greenback.came under selling pressure amid persistent concerns related to the Russian invasion of Ukraine and its effects on the global economy. Markets talks are hinting at an upcoming round of peace talks in Turkey, although there’s no confirmation yet, neither much room for a diplomatic solution.
On the data front, Australia did not publish relevant data on Monday, but it will release February Retail Sales on Monday, seen up 1% after advancing 1.8% in the previous month.shows that bulls remain in control, although chances of a bearish correction have increased. The pair keeps developing well above all of its moving averages, with the 20 SMA heading firmly higher above the longer ones.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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