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May 04 - 11:55 PM

AUD/USD - Slipping As Stiff Resistance Discourages Fresh Buying

By John Noonan  —  May 04 - 09:00 PM
  • AUD/USD easing in Asia as it catches it breath after 2.2% rally Wednesday

  • There is stiff resistance between 0.7270/85 that may prove sticky

  • The 38.2 of 0.7661/0.7030 is at 0.7271 with the 200-day MA at 0.7284

  • There is hourly support at 0.7210 and break could see gap filling

  • Former resistance at the 10-day MA at 0.7147 is now support

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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