AUD/USD rebounds ahead of Stevens - orders

AUD/USD flat at 0.7221 on the day

Bids

  • 0.7195 - intraday low
  • 0.7176 - May 19 low
  • 0.7165 - March 2 low
  • 0.7150 - medium demand
  • 0.7109 - March low
  • 0.7069 - Feb low

Offers

  • 0.7257 - 200-dma/intraday high
  • 0.7250 - med offers
  • 0.7300 - offers up to 0.7320
  • 0.7332 - May 18 high
  • 0.7340 - 100-dma

RBA Governor Stevens speaks at 0305 GMT at a business briefing in Sydney. The market has edged away from the idea of more near-term rate cuts after the RBA minutes showed the latest cut was a close call.

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