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May 24 - 10:55 PM

AUD/USD - Under Pressure After Early Rally Runs Into Sellers

By John Noonan  —  May 24 - 08:50 PM
  • AUD/USD back below 0.7100 after trading to 0.7119 early in the session

  • Move up early was due to E-minis opening 0.50% higher -they are now up 0.22%

  • Resistance at Monday's 0.7126 high and the 38.2 of 0.7661/0.6829 at 0.7146

  • Support is tat he 21-day MA at 0.7041 and 10-day MA at 0.7016

  • AUD/NZD may see volatility when RBNZ decides a bit later today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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