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Derived real-time data in partnership with:
Thomson Reuters
May 03 - 08:36 PM
AUD/USD - Cross Option Strikes May Contain, Trends Lower
First appeared on eFXplus on May 03 - 06:15 PM
  • Flat early - closed +0.5%, after yesterday's strong data & softer USD
  • No Aus data today - Caixin China services PMI modest event risk, last 52.3
  • AUD cross strikes - AUD/JPY 82.00 450M & AUD/NZD 1.0725 760M may contain
  • Momentum studies conflict, 5, 10 & 20 DMAs trend south - bearish setup
  • Close above 0.7548 10 DMA would suggest a period of consolidation
  • NY 0.7498 low & London 0.7542 high initial support/resistance

aud may 4 Click here

Source:
Thomson Reuters IFR Markets

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