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May 22 - 08:55 PM

AUD/USD - Opens Flat As AUD/JPY Buying Offsets Higher US Yields

By John Noonan  —  May 22 - 06:45 PM
  • AUD/USD opens unchanged as FX market awaits fresh catalysts to commit

  • US yields edged higher on hawkish Fed comments - but impact on AUD/USD limited nL1N37J22J

  • AUD/JPY buying helped to underpin - as the cross closed up 0.50%

  • AUD/USD resistance is at 0.6670/75 where the 10 & 21-day MAs converge

  • A break above 0.6675 would shift the pressure to the upside

  • Support is at the 2023 low at 0.6564 with bids tipped ahead of 0.6600

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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