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May 20 - 05:00 PM

AUD/USD - Strong Gains Dissipate Into Close As Risk Fades

By John Noonan  —  May 19 - 06:00 PM
  • AUD/USD trading heavy after Wall Street plunged in final hour

  • Wall Street selloff prompted by report questioning vaccine trial nL1N2D12AL

  • AUD/USD traded to 2-month high at 0.6587 before risk-off mood prevailed

  • AUD/USD support at 100-day MA at 0.6502 and 10-day MA at 0.6491

  • Break below 0.6490 would suggest the break above 0.6570 was a false lead

  • Key today will be AUD/JPY flows out of Tokyo and moves in Asian equities










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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