Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 14 - 12:12 AM

AUD/USD - Steady Above 0.6470 After Wobbly Start

By John Noonan  —  May 13 - 12:00 AM
  • AUD/USD opened 0.30% lower at 0.6471 and fell to 0.6451 early Asia

  • Move lower was sparked by S&P futures falling over 0.80% lower

  • By the afternoon the S&P futures were slightly positive

  • AUD/USD recovered to 0.6480 and is 0.6475 into the afternoon

  • AUD/NZD buying helped to underpin AUD/USD as RBNZ unambiguously dovish nL4N2CV0SK

  • Market perception is the RBNZ is likely to be more aggressive than RBA

  • AUD/NZD rose over 1.0% to 1.0765 after opening around 1.0650

  • AUD/USD support at 21-day MA at 0.6422 and close below would be bearish

  • Resistance at 100-day MA at 0.6527 and double-top at 0.6560/70










aud/usd IMAGE Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!