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May 31 - 07:55 PM

AUD/USD - Opens Higher As USD Starts New Month Under Pressure

By John Noonan  —  May 31 - 06:34 PM
  • AUD/USD rose 0.25% on Monday and is another 0.15% higher in early trading

  • USD weakened across the board and is under pressure starting the new month

  • It is testing the 10-day MA at 0.7740 and break targets 21-day MA at 0.7759

  • A move above 0.7760 shifts short-term pressure to the upside

  • Busy schedule today with Aus current account, building approvals and RBA

  • Data unlikely to move market and RBA unlikely to spring any surprises nL3N2NI0G4

  • Market will be eyeing moves in CNY as PBOC takes steps to curb strength nL2N2NI03B

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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