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
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Source:
Refinitiv IFR Research/Market Commentary