Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 25 - 10:55 PM

AUD/USD - 0.6500 Gives Way, As Investor Uncertainty Caps

By Andrew M Spencer  —  May 25 - 08:35 PM
  • -0.2% to a fresh trend low, after closing -0.6%, as UST yields jumped

  • U.S. debt negotiations continue, uncertainty undermines risk appetite, AUD

  • Australian retail sales at 11.30 AEST, RTRS poll +0.2%, last +0.4%

  • Charts; 5, 10 & 21 daily and weekly moving averages track south

  • Daily momentum studies fall as 21-day Bollinger bands expand

  • Overall a strong bearish setup targets 0.6403, 76.4% 2022/2023 rise

  • Early Asian 0.6506 high, then 0.6535 NY top are first resistance

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!