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May 25 - 11:55 PM

AUD/USD - Dragged Higher By Soaring NZD/USD After RBNZ

By John Noonan  —  May 25 - 11:15 PM
  • AUD/USD opened unchanged at 0.7755 after various factors offset each other

  • After a very quiet start, the AUD/USD moved higher after hawkish RBNZ nL2N2ND035

  • The NZD/USD soared nearly 1% higher and dragged the AUD/USD up to 0.7780

  • AUD/NZD fell over 0.50% to F1.0660 to help temper AUD/USD gains

  • AUD/USD resistance is at daily highs made last week at 0.7780/85

  • Sellers are tipped ahead of 0.7800 with good resistance at 0.7813

  • The 61.8 of the 0.7891/0.7688 move is at 0.7813 as is the May 8 high

  • Buyers are tipped ahead of0.7706 with support at the May 24 low at 0.7706

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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