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Thomson Reuters
May 31 - 03:48 AM
AUD/USD - Remains Resilient Despite Potential Negatives
First appeared on eFXplus on May 30 - 11:45 PM
  • AUD/USD has only managed a 0.6905/18 range despite plenty news
  • China MFG worse than expected nL4N2361WF sent AUD/USD to session low
  • Market ignored Trump Mexico tariffs
  • Hawkish comments from China on trade war also ignored nB9N20N040
  • Support at multiple lows around 0.6865 with stops below 0.6850
  • Resistance at the 21-day MA around 0.6935 and break eases downward pressure

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