By Christopher Romano — May 03 - 07:10 AM
AUD/USD hit 0.66755 then fell to 0.6654 in Europe, NY opened near 0.6660
Slide aided by AUD/JPY drop below 90.25, slight drop in copper HGv1 price
Lift off low driven by US rate SRAU3 drop, USD/CNH fall below 6.9170 on D3
AUD/USD hemmed in between the 10- & 21-DMAs, pair traded up 0.02% early NY
Techs mixed; RSIs rising but pair below daily cloud, 55- & 200-DMAs
Fed expected to hike by 25 bps, statement will get investors focus
If Fed indicate more hikes due as RBA did then AUD/USD likely to fall
If a pause in hikes indicated risk-on likely follows, AUD/USD should rally
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary