Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 19 - 10:55 PM

AUD/USD - Supported By Risk Rally And Higher Metals

By Krishna K  —  May 19 - 10:25 PM
  • AUD/USD attempts to stabilise above 0.6700 as risk stays buoyant in Asia

  • All 3 major U.S. stock indexes hit records last week, boost sentiment

  • Asia shares touch 2-year top on China plans to boost property, buoy AUD

  • AUD boosted by rally in metals; LME copper @ 26-mth high, gold at record

  • Downside limited as RBA likely to stay higher-for-longer on rates

  • RBA minutes of May meeting Tue and Fed speakers key this week

  • AUD may consolidate in 0.6640-50 to 0.6730-50 range before further rally

  • Resistance 0.6715, 0.6730, support 0.6675-80, 0.6645-50;

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!