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May 18 - 07:55 PM

AUD/USD - Posts Modest Gains Ahead Of Fed Meeting Minutes

By Krishna K  —  May 18 - 07:02 PM
  • AUD/USD opens 0.2% higher as USD droops ahead of Fed Apr meeting minutes Wed

  • Fed expected to remain steadfastly dovish despite fears of rising inflation

  • AUD fails to sustain rise above 0.7800 on equally dovish RBA nRUAIGEHAP

  • Australia Q1 wage price index Wed & employment data Thursday keenly awaited

  • Elevated prices of copper and iron ore will continue to limit AUD downside

  • Resistance 0.7813-18, 0.7840-45, support 0.7770-75, 0.7745-50, 0.7725-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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