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May 17 - 10:55 PM

AUD/USD - Little Changed, As The RBA Remain On Script

By Andrew M Spencer  —  May 17 - 09:40 PM

  • +0.3% with risk appetite into the minutes, as Asian stocks climb, Nikkei +2%

  • RBA minutes balanced, but did not provide changes for the hawks nRUAIGEHAP

  • Board does not expect these conditions to be met until 2024 at the earliest

  • No response from the AUD on the minutes, still trades up 0.3%

  • Charts, momentum studies, 5, 10 & 21 daily moving averages coil

  • Setup suggests consolidation - 0.7670-0.7890 range in place since mid April

  • NY 0.7731 low and Monday's early 0.7787 high initial support resistance


For more click on FXBUZ


aud 2 may 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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