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May 25 - 11:00 PM

AUD/USD - Underpinned By Upbeat Investor Risk Appetite

By John Noonan  —  May 25 - 06:15 PM
  • Risk assets fared well on a holiday impacted Monday and underpinned AUD/USD

  • S&P futures gained 1.24% despite rising tensions between the US and China nL4N2D604O

  • Investors instead are pricing in a recovery as coronavirus restrictions lift nL8N2D7166

  • AUD/USD closed 0.12% higher at 0.6543 from Friday's close at 0.6535

  • Sellers at 0.6550 capping for now with resistance at Friday's 0.6572 high

  • Support at the 10-day MA at 0.6517 and 21-day MA at 0.6495










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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