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May 27 - 08:55 AM

AUD/USD - On Familiar Turf Due To CAPEX, 55-DMA Influences

By Christopher Romano  —  May 27 - 07:27 AM
  • AUD/USD falls in Asia as risk softens & USD/CNH rallies near 6.3930

  • Equities ESv1, copper HGv1 sink in Asia to help weigh down AUD/USD

  • Pair nears the 55-DMA, trades to a 0.7723 intra-session low then bounces

  • Upbeat Australia Q1 CAPEX nL2N2NE03X bolsters econ growth prospects

  • AUD/USD rallies to 0.7755, aided by AUD/JPY lift & USD/CNH fall below 6.3700

  • AUD/USD rally stalls near 10- & 21-DMAs, daily cloud top; bulls remain timid

  • US 10-yr yield gains, eurodollar drop likely help keep AUD/USD gains limited

  • AUD/USD treads on familiar turf within the 0.7685/0.7815 zone

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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