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Thomson Reuters
May 07 - 02:36 AM
AUD/USD - Jumps As RBA Stands Pat, Says To Watch Labour Mkt
First appeared on eFXplus on May 07 - 12:55 AM
  • Hits a 0.7048 high as RBA holds cash rate at 1.50% nZZN0BKP00 nRBA
  • +0.2% earlier amid good volumes, as Tokyo returned from Golden Week
  • Solid trades, retail sales beat f/casts, still leaving soft Q1 nL3N22I1WU
  • Negative momentum studies, 5, 10 & 21 daily, weekly and monthly MAs fall
  • Strong bearish setup targets a test of 0.6936, 61.8% of the 2019 rise
  • Initial support now at the 0.6980 post-RBA low, followed by Monday's low

Source:
Thomson Reuters IFR Markets

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