AUD/USD is trading at 1.0497 and has gained nearly 50 pips today.
There is chatter about huge sell interest and barriers at 1.0500, more at 1.0510 and more at 1.0520.
The March high adds a level of technical resistance. Some buy stops are mixed in so that might not be quite the Chinese wall that it seems but it’s a tough nut to crack before the latest round of data.
Most Popular
Sponsored
Gas prices hit 4-year highs pre-Memorial Day. Expect travel costs to surge, impacting consumer spending.
Retail sales surge up to 90% on Memorial Day deals! Apple, New Balance shine.
LIRR workers get raises, but MTA faces rising labor costs. Riders get refunds. What's the true valuation?
Bond yields test new Fed chair Warsh as inflation climbs & sentiment dives. Volatility ahead?
US gov bets $2B on 9 quantum firms, taking equity. QBTS soars 10x on this news!
Eli Lilly's new drug shows 85lb weight loss in trials. Investors eye massive market potential.
Fed minutes hint at Dec. rate hike if inflation persists. Traders eye 15% chance. Watch bond yields!
Sponsored
Must Read
