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May 21 - 10:55 PM

AUD/USD - Better Bid As US Debt Ceiling Talks Set To Resume

By John Noonan  —  May 21 - 08:20 PM
  • AUD/USD a bit higher in line with broad USD weakness to start the week

  • It has traded 0.6661 after hitting a low at 0.6641 earlier

  • Resumption of debt ceiling talks in US helping to underpin risk assets nL1N37I018

  • E-mini futures down just 0.10% after opening down 0.30%

  • AUD/USD resistance at the 21-day MA at 0.6675 and 10-day MA at 0.6682

  • Support is at the 2023 low at 0.6564 with bids eyed just above 0.6600

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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