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May 13 - 05:00 PM

AUD/USD - Opens Lower On Wall Street Fall After Volatile Day

By John Noonan  —  May 12 - 06:15 PM
  • AUD/USD opens 0.31% lower after whipping between 0.6432 and 0.6535

  • Heavy fall on Wall Street late in the session weighed on AUD/USD into close nL1N2CU2AF

  • AUD/USD support at 21-day MA (0.6423) validated by strong bounce from low

  • A close below the 21-day MA would be bearish and suggest further downside

  • Key resistance @ 100-day MA (0.6527) and close above re-ignites trend higher

  • Moves today will be influenced by Asian equity markets and RBNZ decision










aud/usd IMAGE Click here

Source:
Refinitiv IFR Research/Market Commentary

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