Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 29 - 08:55 PM

AUD/USD - Steady Start After Strong Gains On Friday

By John Noonan  —  May 29 - 06:50 PM
  • AUD/USD trading just below Friday's 0.7160 close in early trading

  • It gained 0.86% on Friday and posted a weekly gain of 1.53%

  • Improving risk appetite is underpinning AUD against the JPY and USD

  • China opening up and hopes US inflation has peaked behind risk rally nL1N2XL05KnL2N2XJ22U

  • AUD/USD close above 38.2 fibo at 0.7146 is bullish for short-term

  • The next level of resistance is at 100-day MA at 0.7231

  • AUD/USD trending higher with 5, 10 and 21-day MAs in a bullish alignment

  • Support is at the 10-day MA at 0.7080 and break eases upward momentum

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!