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EUR/AUD 200-DMA repels another lift overnight

200-DMA caps lift overnight, April's high aids to keep gains tempered RSIs roll over to bolster concerns of those long EUR/AUD pre-RBA Yield spreads have supported recent lift but weak AUD may be on last legs If RBA cut …

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  • 200-DMA caps lift overnight, April's high aids to keep gains tempered

  • RSIs roll over to bolster concerns of those long EUR/AUD pre-RBA

  • Yield spreads have supported recent lift but weak AUD may be on last legs

  • If RBA cut seen it could be the last, EUR/AUD might then slide as yield compression abates

  • AUD likely sinks first then could rally, 1.3950/00 first support below 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560