By Rob Howard — May 24 - 05:35 AM
AUD/USD drop to 0.6567 influenced by iron ore and copper price losses
0.6567 is lowest level since March 10 (0.6565 was low that day)
Support points below the March low include 0.6547 and 0.6500
0.6600 (former support point) is now a resistance level
AUD/NZD up to 1.0723 (one-week high) on RBNZ's dovish 25 bps hike
RBA expects smooth unwinding of balance sheet nL1N37L0FT
Source:
Refinitiv IFR Research/Market Commentary