By John Noonan — May 23 - 06:10 PM
AUD/USD opens -0.62% after USD and JPY gained on safe-haven flows nL4N37K3UX
Markets edgy as US debt ceiling approaches and deal appears elusive nL1N37K1FG
Fall on Wall Street and commodities pressured as investors flee risk nL1N37K2TEnL1N37K0KD
AUD/USD low was 0.6608 - as bids above 0.6600 prevented deeper slide
Support is at the 2023 low at 0.6564
Resistance is at the 10-day MA at 0.6650 and 21-day MA at 0.6670
RBNZ decision today likely to spark action in AUD/NZD
RBNZ expected to hike 25 bps - but market pricing in chance of a 50bp hike
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary