By Rob Howard — May 08 - 06:00 AM
AUD/USD tests 0.6565 (May 3 low) after extending south from 0.6649
0.6649 was Tuesday's high, before RBA maintained neutral stance on rates
Lower iron ore prices weigh on AUD (iron ore is big export earner for Oz)
Support points below 0.6565 include 0.6558, 50% retracement of 0.6466-0.6650
0.6466 was last week's low (May 1, before relatively dovish Powell hurt USD)
Australia's PSC to be bought by UK's Ardonagh in A$2.26 billion deal
Source:
Refinitiv IFR Research/Market Commentary