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May 26 - 07:55 PM

AUD/USD - Range Intact, Sellers Pounce On Kiwi-Inspired Rally

By Krishna K  —  May 26 - 05:38 PM
  • AUD/USD opens 0.1% lower after failing to sustain rally towards 0.7800 Wed

  • Sellers take advantage of kiwi-inspired rise as Aussie negatives increase

  • Undermined by RBA's strongly dovish policy with no rate hike seen until 2024

  • Iron ore price slides on China crackdown, dents Aussie sentimentnL2N2ND08Y

  • Australia Q1 capex due Thurs, a gain of 2% expected; China indl profits eyed

  • Support 0.7725-30, 0.7705-10, 0.7670-75; resistance 0.7770-75, 0.7795-0.7800

  • For more click on FXBUZ


Reuters poll graphics on the Australian housing market outlook: Click here

Source:
Refinitiv IFR Research/Market Commentary

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