By Krishna K — May 21 - 11:35 PM
AUD/USD unchanged in Asia after trading in a 0.6666-0.66855 range
Rises to day high as NZD/USD rallies on hawkish RBNZ
Fails to sustain gains as AUD/NZD sellers cap, cross down 0.7%
AUD's inability to gain despite slew of positives a worrying sign for bulls
Ignores higher-for-longer RBA, elevated commodities, carry demand
Rallies capped as Fed officials urge patience on timing of initial rate cut
Fed April 30-May 1 meeting minutes, Nvidia earnings key Wednesday
Supports 0.6645-50, 0.6620-25, resistance 0.6690-95, 0.6710-15
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Source:
Refinitiv IFR Research/Market Commentary