By John Noonan — May 15 - 11:35 PM
AUD/USD opened +0.89% at 0.6700 after risk rallied and USD eased nL1N37C1W0nL1N37C32U
It moved up to 0.6709 early Asia on light AUD/JPY demand
It was around 0.6705 when RBA minutes were released
RBA confirmed hawkish bias, but AUD/USD slipped to 0.6695 nS9N342006
AUD/USD slipped following worse than expected China retail sales and IP nB9N36V019
It fell to 0.6680 before settling around 0.6690 into the afternoon
Resistance is at the 10-day MA at 0.6717 and the 200-day MA at 0.6721
A break above 0.6725 would shift the pressure to the upside
Support is at the May 12 and 2023 low at 0.6564
AUD may be vulnerable if angst over US debt ceiling deadline intensifies
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary