By Krishna K — May 14 - 05:10 PM
AUD/USD offered in Asia after closing 0.9% lower on Fri on risk aversion
U.S. debt ceiling concerns, faltering China economic recovery weigh
Slumping U.S. consumer sentiment, rising inflation expectations undermine
Fed policy on right track, but inflation still too high, officials say
Declining iron ore and copper prices add to negative sentiment
Repeated failures to close above 100-day MA weaken technical picture
Friday range 0.6706-0.6636, Monday Asia range 0.6660-0.6647
Support 0.6630-35, 0.6605-10, 0.6570-75, resistance 0.6675-80, 0.6700-10
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Source:
Refinitiv IFR Research/Market Commentary