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May 22 - 05:00 PM

AUD/USD - Upside Limited By Rising U.S.-China Trade Tesnions

By John Noonan  —  May 21 - 06:15 PM
  • AUD/USD opens where it settled in Asia yesterday - down 0.42% from Wednesday

  • It rallied to 0.6598 in US morning before US-China tensions weighed on risk nL1N2D329Q

  • US-China trade tensions likely to keep AUD/USD below 200-day MA at 0.6661

  • AUD/USD support at yesterday's 0.6549 low and the 10-day MA at 0.6507

  • Key to direction will be Asia stock market reaction to US-China tensions










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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