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May 05 - 03:55 AM
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AUD/USD - Crumbles As Mideast Risks Outweigh Hawkish RBA
By Ewen Chew — May 05 - 02:11 AM
• AUD/USD crumbles to 0.7136 from Tues open 0.7167; last 0.7147
• Testing short-term support 21 DMA at 0.7136 - a chart pivot
• That upwards-trending support cued several rebounds in April
• RBA hawkish after hiking 25 bps as expected Tues
• But Bullock says RBA now has room to wait and see
• Mideast risks currently outweigh potential for further RBA
tightening
AUD
(Ewen Chew is a Reuters market analyst. The views expressed are
his own.)
Source:
London Stock Exchange Group | Thomson Reuters