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May 29 - 05:00 PM

AUD/USD - Slips Ahead Of Trump Fri News Conference On China

By Krishna K  —  May 28 - 06:35 PM
  • AUD/USD -0.2% in Asia after failing @ 0.6658-0.6685 resistance again Thurs

  • Slips from 0.6668 NYK high as Wall Street ends lower after late-session drop

  • Long positions pared as Trump says would hold news conference on China Fri

  • Rally starts to tire on rising U.S.-China tensions nL1N2DA1WRnW1N26L051

  • Drop limited on optimism of faster Australia economic recovery nL4N2DA06E

  • Support 0.6610, 0.6590, 0.6562-70, resistance 0.6658-65

  • Related nL1N2D92YP


Source:
Refinitiv IFR Research/Market Commentary

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