Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 10 - 05:55 AM

AUD/USD - Holds Sub-0.70 After Drop To 22-Month Low

By Rob Howard  —  May 10 - 04:20 AM
  • AUD/USD ran into resistance at 0.6986 after extending north from 0.6911

  • 0.6986 was Jan 31 low. 0.6911 was 22-month low in Asia nL2N2X203R

  • Rally from 0.6911 aided by Asian equities trimming losses nL2N2X20CS

  • Risk-sensitive AUD also benefitted from modest yuan revival nL2N2X2092

  • More: nL2N2X209X. AUD is often used as a liquid proxy for the CNY

  • More AUD/USD offers expected around 0.7000 (former support level)

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!