Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 06 - 01:55 AM

AUD/USD - Lower After Whippy Session As China News Weighs

By John Noonan  —  May 05 - 11:50 PM
  • AUD/USD opened +0.47% @ 0.7747 and remained bid for much of the morning

  • It traded up to 0.7758 before settling around 0.7745/50

  • AUD/USD then spiked down to 0.7701 on China/Australia tensions heating up

  • China suspended economic dialogue mechanism with China nB9N2LR01F

  • Buyers ahead of 0.7700 held firm and AUD/USD bounced back to 0.7720

  • AUD/USD support is at the 50% of the 0.7532/0.7818 move at 0.7675

  • Resistance is at 0.7755/60 where daily tops and 10-day MA converge

  • A close below 0.7705 today would complete a bearish outside day

  • 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
!