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May 29 - 06:12 AM

AUD/USD - Upbeat Risk, U.S.-Sino Tensions Leave Investors Indecisive

By Christopher Romano  —  May 28 - 07:45 AM
  • Equities ESv1 gain; copper HGv1 & iron-ore DCIOc2 are buoyant

  • US-Sino tensions persist nL1N2D92OA, USD/CNH lower but near recent high

  • EM currencies softer versus the greenback nL4N2DA1CP, AUD/JPY near flat

  • AUD/USD trades a tight range and is also near flat on the day

  • Bulls need March high break for rally to resume, break targets 0.7020/40

  • Bears need break of support near 0.6370 if they want to take control











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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