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May 18 - 06:12 AM

AUD/USD - Continues To Track Higher As Asia Is 'risk-On'

By John Noonan  —  May 17 - 10:55 PM
  • AUD/USD trading around 0.6450 and up 0.50% from Friday close

  • Equity markets moving higher with AXJ index up 0.5% and S&P futures +1.2%

  • AUD getting a boost from report China more conciliatory on Aus/China trade[ Click here ]

  • China housing recovery also helping to boost mood in Asia nL4N2D00JW

  • AUD/USD resistance at 10-day MA and Friday's 0.6473 high

  • Buyers and support found at 0.6400/05 with key support at 0.6370/80
















aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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