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May 07 - 03:55 PM

AUD/USD - Capped Again Near Post-Payrolls High By 0.6650

By Paul Spirgel  —  May 07 - 01:35 PM
  • AUD$ limping out of NorAm session -0.41% at 0.6598; Tues range 0.6649-0.6587

  • Pair moved steadily lower after dovish RBA rate hold; Fri high 0.6650 caps

  • RBA not prepared to hike, wary high prices, policy path seen steady in 2024

  • AUD/USD-Stumbles at familiar hurdle, RBA sticks to neutral tone nL1N3HA1C3

  • Supt at Tues low 0.6587, falling 100-DMA at 0.6581, 10-DMA 0.6551

  • Bears in control abv 0.6506, 50% of 0.6363-0.6650; sub-May 10.6466 in view

  • Res 0.6650 Friday pre-payroll high, Mar 8 high 0.6667, 0.6703 Jan 15 high

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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