By John Noonan — May 19 - 09:20 PM
AUD/USD traded as low as 0.7019 after Tokyo sold AUD/JPY in early trading
AUD/JPY rose 1.0% yesterday and is down 0.30% this morning on profit taking
AUD/USD completed a bearish outside day Wed and bullish outside day Thurs
High volatility and mixed signals hurting bulls and bears
A close above the 21-day MA at 0.7051 would suggest more upside
Support is at the 10-day MA at 0.6966 and break would ease upward pressure
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Source:
Refinitiv IFR Research/Market Commentary