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May 16 - 10:55 PM

AUD/USD - Trades To Session High After Hawkish RBA Minutes

By John Noonan  —  May 16 - 09:45 PM
  • AUD/USD traded to 0.6998 after the release of RBA minutes for May meeting nS9N2V502J

  • RBA considered raising 40 BPs while 15 BPs not the preferred option

  • RBA signals more hikes to come as Australian labour market resilient

  • AUD.USD was bid before the RBA minutes after strong reversal yesterday

  • Resistance at 10-day MA at 0.7003 and break would indicate momentum shifting

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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