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May 13 - 07:55 PM

AUD/USD - Stabilises As Risk Sentiment Improves

By Krishna K  —  May 13 - 06:36 PM
  • AUD/USD opens unchanged after finding support near 0.7675, the low in May

  • Boosted by slightly lower U.S. yields and improved risk sentiment

  • Wall Street bounces back from 3-day slide on upbeat labor market data

  • U.S. retail sales data Fri in focus as inflation fears continue to fester

  • AUD finds underlying support from elevated prices of commodities & iron ore

  • Resistance 0.7745-50, 0.7765-70, support 0.7705-10, 0.7690, 0.7670-75

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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