By John Noonan — May 10 - 07:00 PM
AUD/USD opens -0.16% after settling in the middle of the 0.6911/86 range
Wall Street closed mixed while US yields moved lower nL2N2X22VP
Key commodities remain heavy as demand concerns weigh nL2N2X20J2nL3N2X22V0nL2N2X22WL
AUD/USD resistance is at the 10-day MA at 0.7057 and break eases pressure
Support is at 0.6911 with better support at the 50% of pandemic low/high at 0.6758
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Source:
Refinitiv IFR Research/Market Commentary