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May 05 - 02:55 AM

AUD/USD - Rally Hits A Wall With No Fresh Trigger For Bulls

By Ewen Chew  —  May 05 - 01:35 AM
  • AUD/USD turns lower, deflected by strong resistances looming

  • Ichimoku Cloud at 0.7253 protects 200 DMA at 0.7284

  • Last 0.7236, failure at those levels may cue long-trimming

  • After post-FOMC USD selloff, no fresh triggers on horizon

  • Asia shares up modestly on heels of Wall St; S&P futures flat

  • China's dismal Caixin services PMI won't help AUD nZRN004B7V

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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