By John Noonan — May 22 - 08:35 PM
Equity markets moving higher in early Asia and underpinning AUD/USD gains
E-minis +0.92% and Nikkei up over 1.0% after flat/mixed close on Wall Street
AUD/USD above 0.7080 and approaching sellers camped just below 0.7100
Resistance is at the 38.2 of the 0.7661/0.6829 move at 0.7146
Support is at the 21-day MA at 0.7045, which had been resistance
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Source:
Refinitiv IFR Research/Market Commentary