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Thomson Reuters
Apr 11 - 03:48 AM
AUD/USD - Gauges Resistance, Unmoved By Election News
First appeared on eFXplus on Apr 11 - 01:25 AM
  • AUD/USD gives back some ground in Asia after Wed's strong rally of 0.65%
  • Boost from neutral RBA fades, Fed seen equally neutral on rates nL3N21T085
  • News Australia to hold election on May 18 nL3N21S4LL shrugged-off
  • Needs positive catalyst to push through strong resistance @ 0.7184-96
  • Failure to break higher will prolong near 2-month range of 0.7000-7200
  • Support 0.7130-35; 5 Fed speakers later today watched for policy hints

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