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Thomson Reuters
May 29 - 12:12 AM
AUD/USD - Remains Resilient Despite 'risk-Off' Mood In Asia
First appeared on eFXplus on May 28 - 10:10 PM
  • AUD/USD holding on to Tuesday's small gains despite easing risk assets
  • Dalian iron ore -3.5%; S&P futures -0.35% and AXJ equity index down 0.7%
  • AUD/USD resilience shown in NY trading likely to frustrate bears
  • Resistance at the 21-day MA at 0.6945 with sellers tipped ahead of 0.6950
  • Support at 10-day MA at 0.6902 and break would resume downward pressure

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