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May 24 - 06:12 PM

AUD/USD - Resilient, Holds Above Support Despite Negatives

By Krishna K  —  May 24 - 05:45 PM
  • AUD/USD off to a quiet start in Asia ahead of a holiday in many centres

  • Holds above support despite rising geopolitical tensions which is positive

  • U.S.-China spar over Hong Kong, virus cover-ups nL4N2D602FnL4N2D604O

  • China-AU tensions lingernL1N2D306W; Australia reopening helps nL4N2D602C

  • Surging iron ore price nL4N2D4266, buoyant Wall Street support

  • Singapore, U.S.& UK holiday Monday; Indonesia, India and Malaysia closed too

  • Support 0.6491-95, 0.6465, resistance 0.6540-45, 0.6570


Source:
Refinitiv IFR Research/Market Commentary

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