By John Noonan — May 03 - 06:20 PM
AUD/USD opens just 0.11% higher, but underperformed on crosses
USD broadly fell after Fed left door open for pause after 25 bp hike nL1N36Z2C8
AUD/USD traded as high as 0.6702 - but eased when Wall Street fell
Late AUD/JPY selling on report PacWest Bancorp seeking a sale
PacWest shares collapsed over 50% in the after hours on the news
US banking crisis likely to dominate action in the Asian session
AUD/JPY vulnerable for more losses after falling 1.30% Wednesday
AUD/USD breached the 21-day MA - but failed to close above that reading
The 21-day MA comes in at 0.6678 with resistance at the 200-day MA at 0.6730
Buyers are tipped ahead of 0.6620 - with stops eyed below that level
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Source:
Refinitiv IFR Research/Market Commentary