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May 12 - 11:55 PM

AUD/USD - Moves Higher As E-Minis Claw Back Some Ground

By John Noonan  —  May 12 - 10:15 PM
  • E-minis are around 0.40% higher and Asian equity losses are contained

  • The relative calm has helped lift the AUD/USD to as high as 0.7746

  • It is currently around 0.7735 after hitting a low at 0.7718 earlier

  • Support is at 0.7715/20 where the 55-day and 100-day MAs converge

  • Resistance is at the 21-day MA at 0.7761 and 10-day MA at 0.7770

  • A beak above 0.7770 would ease the downward pressure

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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