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May 05 - 04:55 AM

AUD/USD - On The Move Again As RBA Minutes Hit Hawkish Note

By Ewen Chew  —  May 05 - 02:50 AM
  • AUD/USD extends higher to 0.6742, breaching 200 DMA 0.6730

  • Fri close above will unlock potential for more strength

  • Bulls would then aim for 38.2% Fibo resistance 0.6780

  • RBA's hawkish in minutes stokes fresh AUD confidence

  • But upcoming US NFP may thwart bullish AUD/USD intentions

  • Fed fund futures price lower odds of US rate cut in Jul

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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