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May 24 - 07:55 PM

AUD/USD - Range Trading Dominates, Fresh Catalysts Sought

By Krishna K  —  May 24 - 06:25 PM
  • AUD/USD opens 0.25% higher, positive risk mood & drop in U.S. yields boost

  • Broad 0.7675-0.7825 to hold for now, fresh catalysts required for breakout

  • Traders look to Fed's preferred inflation gauge due Thursday for direction

  • Aussie rally capped as iron ore prices fall on China measures nL2N2NB09R

  • RBA seen lagging global peers on rate rises, limiting AUD gainsnL2N2N80C7

  • Support 0.7705-10, 0.7685-90, 0.7670-75; resistance 0.7760-65, 0.7780-85

  • For more click on FXBUZ


Asia iron ore prices Click here

Source:
Refinitiv IFR Research/Market Commentary

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