Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 02 - 10:55 PM

AUD/USD - Pushing Higher As Commodity Currencies Shine In Asia

By John Noonan  —  May 02 - 09:25 PM
  • AUD and NZD up over 0.5% against the USD while the CAD is up 0.30%

  • AUD/USD leading USD lower in thin trading where USD short-covering is noted

  • Small stops above 0.7085 have been triggered to a high at 0.7095

  • It is settling around 0.7085 after offers above 0.7100 discouraged buyers

  • E-minis are up 0.20% - which may be giving risk currencies a bid tone

  • AUD/USD resistance is at the 10-day MA at 0.7179

  • RBA decision later today could spark some volatility

  • Market has fully priced in a 15 BP hike to 0.25% and a hawkish statement

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!