By Krishna K — May 08 - 07:30 PM
AUD/USD cautiously bid Thu as traders mull higher-for-longer RBA rate stance
RBA rate expectations diverge from those of other major c.banks, supports
Markets now do not expect a RBA rate cut until April next year
Fed rate cut chances in Sep at 66%, BOE cut priced in for Sep, ECB in June
Bargain hunters emerge after 1.35% drop from Fri 0.6650 high
Supports 0.6560 and 0.6541, the 38.2% Fibo retracement of April-May rally
Resistance 0.6600-05, 0.6625-30, 0.6645-50; Wed range 0.6599-0.6558
AUD/JPY moves and China trade data key for direction in Asia
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary