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May 05 - 11:55 PM

AUD/USD - Testing Resistance Around 0.7755 As Equities Remain Firm

By John Noonan  —  May 05 - 09:56 PM
  • AUD/USD is well bid in morning trading, as most Asian equity markets higher

  • E-minis are up 0.15% and AXJ index is up 0.30%

  • AUD/USD testing 0.7755/60 where yesterday's high and 10-day MA converge

  • A break above 0.7760 targets another test of resistance above 0.7800

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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