By Paul Spirgel — May 17 - 01:45 PM
AUD$ joins broad risk rally, rises 0.72% to0.7020; Tues range 0.7040-0.6968
Less-dovish RBA minutes in spite of rising inflation buoys AUD nL2N2X902Z
AUD up on less-dovish RBA talk as USD rate dominance diminishes nL2N2X91JL
AUD$ res 0.7040 Tues high, ahead of key 50% Fib of 0.7267-0.6829 at 0.7048
A close abv 0.7048 shifts momentum to bulls puts 21-DMA at 0.7107 in view
Significant res abv upper the 30d Bolli (0.7609) at 50/200/10-DMAs 0.7243-95
Support at 10-DMA by 0.7006, 0.6968 Tuesday's low, lower 30-w Bolli at 0.6908
For more click on FXBUZ
AUD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary