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May 11 - 11:55 PM

AUD/USD - Slips Below Support As USD Firms And Risk Swoons

By John Noonan  —  May 11 - 10:45 PM
  • AUD/USD has eased below support at 0.7815/25 with a low so far at 0.7810

  • Risk assets are slipping in Asia with AXJ index -0.60% and E-minis -0.22%

  • Market positioning for key US CPI later today as inflation concerns dominate

  • Support for the AUD/USD is at the 10-day MA at 0.7781

  • A break below 0.7780 would shift momentum to the downside

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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