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May 23 - 01:55 AM

AUD/USD - Inches Higher As US Stock Futures Rally

By Krishna K  —  May 22 - 11:45 PM
  • AUD/USD up 0.1% as risk sentiment in Asia lifted by Nvidia results

  • S&P 500 stock futures up 0.6%, Nasdaq futures +0.85%, underpin AUD

  • Upside limited; higher-for-longer Fed, profit-taking in metals sector weigh

  • AUD/NZD selling also caps as effect of RBNZ's hawkish surprise Wed lingers

  • Cross tests 1.0827-34 support, lows in April; break opens 1.0800-05, 1.0785

  • AUD/USD support 0.6600-05, stronger at 0.6580, resistance 0.6645-50, 0.6680

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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