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May 27 - 02:36 PM

AUD/USD - Bulls Begin Probing A Key Resistance Zone

By Christopher Romano  —  May 26 - 02:20 PM
  • Equity, commodity gains drive risk-on sentiment overnight, AUD/USD lifts

  • Risk-on persists in NY nL1N2D80L6; AUD/JPY rises while USD/CNH sinks

  • AUD/USD rally extends, pierces the 200-DMA, nears 0.6665 before dipping

  • 0.6640 neared but US$ weakness persists, pair near 0.6655 late

  • Techs are bullish; RSIs imply upside momentum remains, 10-DMA gives support

  • AUD/USD shorts could get squeezed if key resistance breaks nL1N2D80L6











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Source:
Refinitiv IFR Research/Market Commentary

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