AUDUSDAustralian Dollar / US Dollar
0.7162
+0.07%
SUPPORT:0.710.705
RESISTANCE:0.720.725
Past
What happened
AUD/USD ticked up 5 pips to 0.7162 on the risk-on tape, but the move was muted versus the broader commodity complex.
Why
Why it matters
Aussie usually leads risk-on rallies, but with oil cratering -4.7% the commodity-currency premium got partially neutralized.
Watch
What to watch
0.7200 round-number resistance, 0.7100 support. China April industrial data Friday is the next domestic catalyst.
HEADLINES
- Real Money Flows + Fed Pause + Seasonal Timing: The AUD Setup Traders Are Watching!Barchart
- Dollar drifts lower as oil falls on Hormuz deal optimismReuters
- BC-US-Foreign ExchangeAssociated Press
- The Dollar is Now Lower Than When the Iran War BeganThe Wall Street Journal
- Why is the Australian Dollar Rallying?Barchart