Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 10 - 11:55 PM

AUD/USD - Edges Higher Despite Equity Market Slump

By John Noonan  —  May 10 - 11:26 PM
  • AUD/USD opened 0.20% lower after USD firmed and risk assets corrected lower

  • It eased from 0.7830 to 0.7822 when Asian equity markets opened lower

  • Equities continued to ease through the morning, but the AUD/USD went bid

  • E-minis are down 0.68%; the Nikkei is -2.75% and AXJ equity index is -1.65%

  • AUD/USD rallied back above 0.7840 despite the slump in equities

  • Heading into the afternoon the AUD/USD is trading just below 0.7840

  • Support is at former resistance at 0.7815/25 with buying tipped at 0.7820

  • A break below 0.7810 targets the 10-day MA at 0.7779

  • Resistance is at the 76.4 of the 0.8007/0.7532 move at 0.7895

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!