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May 27 - 05:55 AM

AUD/USD - No Signs Of An Imminent AUD/USD Break-Out

By Richard Pace  —  May 27 - 05:10 AM
  • AUD/USD trades a tight 0.6622-42 range amid UK/US holiday thinned market

  • Support at rising 21 dma 0.6614, Fri's 0.6592 low, 100/200-dma 0.6561/32

  • Series of daily highs add resistance before 16 May cycle high 0.6714

  • Higher for longer Aus int rate underpins, robust US econ/less Fed easing cap

  • Heavy FX option implied volatility signals low real volatility expectations

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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