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May 07 - 01:55 AM

AUD/USD - Edges Lower In Quiet Asia Ahead Of US Payrolls

By John Noonan  —  May 06 - 11:35 PM
  • AUD/USD opened 0.50% higher at 0.7785 after USD fell and commodities surged

  • Range in Asia so far is 0.7773/92 and is around 0.7780 into the afternoon

  • There was no reaction to RBA SOMP which upgraded forecasts as expected nRUA7GEHAI

  • China trade surplus was more than expected as imports and exports surged nAZN0158PF

  • AUD/USD likely to remain underpinned as LME copper hit all-time high in Asia nL4N2MU0GR

  • AUD/USD support at the 10-day MA at 0.7763 and break eases upward pressure

  • Resistance @ the 61.8 of 0.8007/0.7532 @ 0.7825 with sellers ahead of 0.7800

  • AUD/USD likely to consolidate ahead of key US payrolls later today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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