Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 17 - 03:55 PM

AUD/USD - Rises Above 10-DMA; RBA Seen Shifting To Higher, Faster Hike Path

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!