By Paul Spirgel — May 06 - 01:50 PM
AUD$ ending NorAm, +0.26% at 0.6628; NorAm range 0.6638-0.6620
Pair holds near 2-mos high Fri's 0.6650, Mar 8 0.6667
AUD$ rally off Apr 19 low 0.6363 as Fed rate expectations turn less-hawkish
Commods a touch higher copper HGc1 +1.27%, oil CLc1 +0.22% aid AUD rise
Next key data Tues AU ret trade; RBA rate meeting Wednesday, no change exp'd
Techs are bullish; RSIs rising, pair above slew of daily MAs & daily cloud
Res 0.6642 upper 30-d Bolli, 0.6650 Friday's 2-mos high, 0.6667 Apr 19 high
Supt 0.6606 Monday Asia low, 0.6583 100-DMA, 0.6506 50% of 0.6363-0.6650
Close below 0.6505 shifts momentum back to AUD bears
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary