Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 19 - 11:00 PM

AUD/USD - Gives Back Early Gains As Risk Rally Loses Steam

By John Noonan  —  May 18 - 11:35 PM
  • AUD/USD near session low at 0.6510 after trading 0.6553 earlier

  • Asian equity markets giving back some of their gains while S&P futures -0.4%

  • AUD/USD ran up to 0.6553 when Tokyo arrived and bought AUD/JPY to 70.30/35

  • Cross has slipped back below 70.00, as risk assets lose some upward momentum

  • AUD/USD support @ 100-day MA @ 0.6507 and break targets 10-day MA at 0.6477

  • RBA Minutes earlier didn't impact sentiment as there was nothing new nL4N2D10LK

  • AUD/USD resistance at 0.6560/70, which is a double-top and range high

  • A break above 3,000 in the S&P will likely see AUD/USD easily break 0.6570 nL4N2D106G













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
© 2020 eFXdata · All Rights Reserved
!