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May 03 - 11:55 PM

AUD/USD - Trade Surplus For March Lower Than Expected

By John Noonan  —  May 03 - 09:45 PM
  • Austrlaia March trade surplus came in lower than expected nAZN0MYJ00

  • Exports fell 2.0% M/M seasonally adjusted while imports rose 4/0%

  • Data having little impact on AUD/USD which was pressured prior to release

  • AUD/USD has traded as low as 0.7742 - as E-minis are down 0.30%

  • USD better bid across the board after whippy moves Friday/Monday

  • AUD/USD support is at the 21-day MA at 0.7717

  • More support at 0.7690/0.7700 which has held on dips since April 15

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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