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May 02 - 09:55 PM

AUD/USD - Tracking Higher As Risk Assets Bid In Early Asia

By John Noonan  —  May 02 - 08:51 PM
  • AUD/USD trading above 0.7725 after a risk-on start to the Asian session

  • E-mini futures are up 0.40% and the ASX 200 is up over 0.50%

  • Support at the 21-day MA at 0.7110 held this morning

  • Resistance is found at the 10-day MA at 0.7750

  • Early price action suggests Friday's risk selloff was due to month-end flows

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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