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May 17 - 07:55 PM

AUD/USD - Bulls Wrest Control But Upside Limited

By Krishna K  —  May 17 - 06:55 PM
  • AUD/USD opens 0.15% lower after trading in a 0.7787 to 0.7731 range Monday

  • Dip buying persists despite Asia virus concerns and lacklustre China data

  • Upside likely to be limited as Asian stocks look poised for a muted open

  • London copper rallies 1.2% Mon, Dalian iron ore price halts slide, support

  • RBA minutes of May board meeting due Tues, commentary on QE and YCC awaited

  • Resistance 0.7790-0.7800, 0.7815-20, support 0.7745-50, 0.7730-35, 0.7700-10

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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