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May 31 - 01:55 AM

AUD/USD - Recovers From Early Spill As China PMI Improves

By John Noonan  —  May 30 - 11:50 PM
  • AUD/USD opened +0.5% at 0.7196 after USD broadly eased and commodities rose nL1N2XM0BSnL1N2XM0BS

  • After trading 0.7203 It fell when US Treasury yields popped 10 BPs higher

  • AUD/USD traded dwon to 0.7163 when the USD broadly moved higher

  • China PMI came in better than previous month and AUD/USD steadied nL4N2XN0KI

  • Australian data released at same time were mixed nL1N2XN02A

  • AUD/USD is settling around 0.7185/90 as USD giving back some early gains

  • AUD/USD sellers are tipped around .0.7200 with resistance at 0.7231

  • More resistance is at the 50% of 0.7661/0.6829 move at 0.7245

  • Support is at the 10-day MA at 0.7100

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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