Derived Data That Drive Results
By Krishna K — May 08 - 10:15 PM
AUD/USD consolidates in a narrow but well supported 0.6569-0.6583 range
Steadies as bargain hunters emerge after 1.35% drop from Fri 0.6650 high
Likely to stay bid on dips as traders mull higher-for-longer RBA rate stance
RBA's more hawkish stand contrasts with easing bias of most other DM c.banks
AUD/JPY sought on dips despite Japan's verbal warnings on JPY
Supports 0.6560 and 0.6541, the 38.2% Fibo retracement of April-May rally
Resistance 0.6600-05, 0.6625-30, 0.6645-50; China trade dataawaited
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Source:
Refinitiv IFR Research/Market Commentary
