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May 02 - 01:55 AM

AUD/USD - Moves Lower As USD Firms In Quiet Asia

By John Noonan  —  May 01 - 11:45 PM
  • AUD/USD opened 0.7068 after closing Friday at 0.7059

  • In thin, whippy markets it traded to 0.7081 early before reversing

  • AUD/USD fell to 0.7033 before settling around 0.7045 into the afternoon

  • The market was thin due to holidays in much of Asia today

  • AUD/USD bids are tipped ahead of 0.7000 with support at 2022 low at 0.6967

  • It is trending lower with the 5, 10 and 21-day MAs in a bearish formation

  • A break above the 10-day MA at 0.7207 is needed to ease downward pressure

  • RBA decides tomorrow with market pricing in a 15 BP hike to 0.25% nL3N2WT0EL

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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