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May 03 - 10:55 PM

AUD/USD - Recovers From Early Slip - Aus Trade Data Solid

By John Noonan  —  May 03 - 09:55 PM
  • AUD/USD recovered from the early dip to 0.6640 and is unchanged at 0.6670

  • Move lower in reaction to PacWest report that heightened US banking fears nL4N3701Z4

  • Aus trade data came in better than expected with exports rising 4.0%

  • E-minis down only 0.10% after being down 0.75% earlier on the PacWest report

  • Asian markets relatively quiet with Tokyo on holiday

  • AUD/USD support at 0.6630 - where it traded before Tuesday's RBA hike

  • Resistance is at the 21-day MA at 0.6677

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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