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Thomson Reuters
May 30 - 08:36 AM
AUD/USD - Respects Monday's High, 21DMA Ahead Of U.S. Data
First appeared on eFXplus on May 30 - 06:25 AM
  • Offers just shy of 0.6941 (Monday's high) are keeping a lid on AUD/USD
  • 0.6941 is also the 21DMA. More offers are tipped ahead of 0.6950
  • There is a decent size 0.6950 option expiry Friday, A$480mn strike
  • Bids expected near 0.6900 (0.6904 = Wednesday's intra-week low)
  • A raft of U.S. economic data is due at 1230GMT, including Q1 GDP take two
  • RBA is expected to cut cash rate next week for first time since Aug 2016

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