By John Noonan — May 15 - 06:40 PM
AUD/USD trading at 0.6945 after closing +1.17% on Friday at 0.6937
Beaten down assets recovered on Friday after selling exhaustion set in nL2N2X51U8
News that China will start easing back on Shanghai COVID lockdown may help nL5N2X501I
AUD/USD resistance is @ the 10-day MA @ 0.7011 and break would ease pressure
Sellers are tipped at 0.6950/65 which may impede AUD/USD recovery
Key will be follow-through in equities and commodities after Friday's gains
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Source:
Refinitiv IFR Research/Market Commentary