By Peter Stoneham — May 08 - 05:20 AM
Aussie trending higher and testing the 100DMA, currently 0.6790
April's 0.6808 high the next level of resistance
Daily cloud top and key 50% Fibo bull targets above: 0.6861-62 respectively
AUD/USD hits a three-week high at 0.6786 following last week's 2.0% rally
Fall-out from a hawkish RBA still underpinning the AUD
Support runs in at 0.6729, the 200-day moving average
AUD likely to remain buoyant while optimism remains high for soft landing
U.S. banking stress and upcoming debt ceiling drama are the risks
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Source:
Refinitiv IFR Research/Market Commentary