By Krishna K — May 22 - 10:20 PM
AUD/USD unchanged in Asia, trades in a narrow 0.6615-0.66245 range
Slightly offered tone likely to persist after relatively sharp 0.7% Wed drop
Higher-for-longer Fed and profit-taking declines in commodities weigh
Downside limited as RBA also equally hawkish, signals status quo on rates
AUD/NZD selling undermines as effect of RBNZ's hawkish surprise Wed lingers
Cross tests 1.0827-34 support, lows in April; break opens 1.0800-05, 1.0785
AUD/USD support 0.6600-05, stronger at 0.6580, resistance 0.6645-50, 0.6680
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Source:
Refinitiv IFR Research/Market Commentary