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May 27 - 02:55 AM

AUD/USD - Consolidates After O/n Fall, Weakens Versus Buoyant NZD

By Krishna K  —  May 27 - 01:05 AM
  • AUD/USD unchanged in Asia after recovering from an earlier drop to 0.7723

  • Jump in Q1 business investment to 6.3% vs. 2% expected supports nL2N2NE03X

  • Shrinking yield premium of AU bonds over U.S. Treasuries thwarts gains

  • Perception that RBA will lag its peers in tightening monetary policy weighs

  • Victoria lockdown, falling iron ore and copper prices add to bearish mood

  • Aussie keeps to its range for now but faces rising negatives nL2N2NE00P

  • AUD/NZD breaks support at 1.0620 as RBNZ's hawkish surprise Wed reverberates

  • Support 0.7720-25, 0.7705-10, 0.7670-75; resistance 0.7770-75, 0.7795-0.7800

  • For more click on FXBUZ


AUD: Click here

AUD/NZD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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