AUDUSD trading with 0.15% gains on Wednesday (Mar29) early Asia session, holds 50Dsma.
Lack of local data and Chinese data the cross remains in a tight range between 0.7590 and 0.7660 over near term and 0.7750 and 0.7490 over the medium term.
The iron ore price hits the lowest price since early February.
Minig.com reported, “Market participants are mostly expecting prices to fall further amid weak demand and high inventory levels,” the analysts at the Metal Bulletin wrote Monday.
Trading Support: 0.7600/0.7590, 0.7550 and 0.7490. Alternatively, resistance seems at 0.7680,0.7700 and 0.7750.
AUD trading higher against GBP, NZD and JPY on Wednesday Asia trade.
GDPAUD low made 1.6177 tested the 20Dsma below this, 1.6130 exists.