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May 05 - 07:55 PM

AUD/USD - Opens Higher As Dovish Fed-Speak Underpins

By John Noonan  —  May 05 - 06:13 PM
  • AUD/USD opens 0.45% higher after consolidating gains made in Asia

  • Dovish comments from Fed officials helped steady risk assets and ease US yields nS0N2LF00DnL1N2MS21KnL1N2MS240

  • AUD/USD traded as high as 0.7755 before AUD/NZD selling helped to cap

  • Resistance now at 0.7855 as it is also where the 10-day MA ascends to

  • Support is at the 21-day MA at 0.7725 with buyers tipped ahead of 0.7700

  • AUD/USD likely to consolidate in Asia - as the key US jobs report nears

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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