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May 19 - 05:00 PM

AUD/USD - Opens Higher As Optimism Dominates Price Action

By John Noonan  —  May 18 - 06:05 PM
  • AUD/USD opens 1.7% higher after risk assets soared on investor optimism nL1N2D01YY

  • Progress in developing a COVID-19 vaccine & progress on EU package underpins

  • AUD and NZD the best performing currencies in refection of upbeat sentiment

  • AUD/USD closed above 100-day MA (0.6507) for first time since Jan 23

  • Key resistance @ double-top @0.6560/70 and break targets 200-day MA @ 0.6674

  • Support at 10-day MA at 0.6477 and 21-day MA at 0.6450

  • AUD/JPY flows out of Tokyo eyed after the cross gained 2.0% yesterday










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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