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May 25 - 07:55 PM

AUD/USD - Tight Consolidation As Key Factors Offset

By John Noonan  —  May 25 - 06:16 PM
  • AUD/USD opens unchanged after topping out yesterday at 0.7776

  • Lower US yields broadly weigh on USD and underpins AUD/USD nL2N2NC2DZ

  • Mixed commodities and small loss on Wall Street capping AUD/USD rallies nL2N2NC0JH

  • AUD/USD buyers camped ahead of 0.7700 with support at Monday's 0.7706 low

  • Sellers ahead of 0.7800 with resistance at daily highs at 0.7780/85

  • Key resistance is at the 61.8 of the 0.7891/0.7688 move at 0.7813

  • RBNZ decision today with no change expected, but still could impact AUD/NZD

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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