By John Noonan — May 08 - 11:35 PM
AUD/USD opened +0.46% after outperforming due to strong commodities nL1N3750AV
It eased to 0.6770 at one stage before settling unchanged around 0.6780
There was no reaction to Aus Q1 retail sales which came in at expectations nAZN14XPXL
Resistance is at the 100-day MA at 0.6790 and April 14 high at 0.6808
A break above 0.6810 targets the 50% of 0.7158/0.6564 move at 0.6861
Support is at Monday's 0.6740 low and the 21-day MA at 0.6693
AUD will stay supported while global growth concerns ease
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary