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May 14 - 08:55 AM

AUD/USD - Balanced Risks Keep Ranges Tight Ahead Of US Sales Data

By Christopher Romano  —  May 14 - 07:13 AM
  • Equities ESv1 gain while USD/CNH CNH=, US 10-yr yield US10YT=RR drop

  • Copper HGv1 & iron-ore DCIOc2 slides from recent peaks extend

  • AUD/USD up on the session but gains muted due to conflicting influences

  • AUD/USD propped up by the 55-DMA, hovers below 10 & 21-DMAs,daily cloud top

  • Investors await April US sales USRSL=ECI, May U. Mich. USUMSP=ECI data

  • If data is upbeat US rates, US$ likely rally & AUD/USD turns lower

  • Test of 0.7675/80 zone then likely, if breaks 0.7635/40, 0.7585/90 targeted

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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