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Thomson Reuters
May 07 - 09:48 PM
AUD/USD - Risk And AUD/NZD Flow To Lead In Asia
First appeared on eFXplus on May 07 - 07:55 PM
  • Flat, as the dust settles from the RBA and risk 'off' capped offshore
  • Doves lead - OIS prices a 25pt RBA cut in July at 72% and August at 90%
  • There is no data today, so RBNZ rate decision and AUD/NZD flow to lead
  • Neutral momentum studies, negative 5, 10 & 21 daily, weekly and monthly MAs
  • Bearish setup targets a test of 0.6936, 61.8% of the 2019 rise
  • Close above the falling 0.7083 21 DMA needed to undermine the bearish bias
  • Post RBA 0.6980/0.7048 range is initial support/resistance

aud may 8 Click here

Source:
Thomson Reuters IFR Markets

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