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May 29 - 11:55 PM

AUD/USD - Tracking Higher As Asia Takes Wall Street's Buoyant Lead

By John Noonan  —  May 29 - 09:55 PM
  • Mood in buoyant in Asia with AXJ equity index around 1.0% higher nL4N2XL0GT

  • USD broadly weaker in early trading and AUD/USD is up 0.22%

  • AUD/USD has traded to a 3-week high at 0.7177 as trend higher in place

  • The 5, 10 & 21-day MAs are in a bullish alignment and pointing higher

  • Resistance is at the 100-day MA at 0.7231 with sellers tipped around 0.7200

  • Support is at the 10-day MA at 0.7082 and break eases upward pressure

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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