By Richard Pace — May 05 - 04:23 AM
• AUD/USD extends Fridays 0.6470 to new 2025 high at 0.6488 in Asia on Monday
• Another TWD spike boosts Asia currencies and ignites talk of revaluation
• AUD/USD above 200-dma at 0.6459, but close above to confirm bullish signal
• AUD/USD has already closed above 50% Fibo of 0.6943-0.5910, 61.8% is 0.6548
• Note huge 0.6550-60 option expiries Monday, but likely too far to draw FX
• Supports at Monday's low 0.6435, 10-dma 0.6405 and Friday's low 0.6382
AUD=D3
(Richard Pace is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters