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May 18 - 11:55 PM

AUD/USD - Recovery Extends On Positive News Out Of Shanghai

By John Noonan  —  May 18 - 11:05 PM
  • AUD/USD is tracking towards 0.7000 after headlines out of Shanghai lifted mood in Asia nB9N2UP01U

  • Shanghai Deputy Mayor said more businesses will be allowed to open from start of June

  • He also said the Shanghai ports had returned to 90% levels from a year ago

  • AUD/USD sellers tipped around 0.7000 with resistance at 21-day MA at 0.7063

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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