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May 19 - 02:36 AM

AUD/USD - Bulls Are Looking Perky But Hurdles Remain

By Christopher Romano  —  May 18 - 07:45 AM
  • Fed's Powell says "not out of ammunition, not by a long shot" nL1N2CZ09O

  • Equities ESv1, copper HGv1, iron-ore DCIOc2, oil CLv1 all +ive

  • Potential ease of AU-Sino trade tensions nB9N2CG051 Click here

  • Upbeat risk drives yen sales, AUD/JPY rallies towards 69.40

  • AUD/USD trades up, pierces 10-DMA, stalls short of May 15 0.6473 daily high

  • Large AUD/USD option XXX for today & Friday could buoy pair nL1N2D00D8

  • 0.6565/70 remains key resistance, if cleared 0.6665/85 zone is targeted







aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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