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May 14 - 05:00 PM

AUD/USD - Remains Trapped In Range But Downside Risks Build

By John Noonan  —  May 13 - 06:35 PM
  • AUD/USD opens 0.25% lower after risk mood turned sour on Powell comments nL1N2CV229

  • Cornavirus concerns and rising trade tensions capping AUD/USD in short-term

  • Strong demand for 10-year Aus government bond yesterday providing support nS9N2CO00K

  • Expectations of bond related demand helped AUD/USD trade 0.6524 in Europe

  • AUD/USD continues to stall at the 100-day MA, which comes in a 0.6522 today

  • Support comes in at the 21-day MA at 0.6428 and clsoe below would be bearish











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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