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May 23 - 07:55 PM

AUD/USD - Opens Lower As Debt Ceiling Jitters Weighs On Risk

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

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