May 17, 2022 06:34 GMT
- AUD is the best early performer against the USD in G10, up 0.56%, helped by the bounce in Equities, and overnight desk also reported some exporter demand.
- AUDUSD has recovered 2.68% from last Thursday's low at 0.6829, which was the lowest print 22/06/20.
- Resistance for the pair comes at 0.7054 High May 11 and key resistance.
- The EUR remains underpinned, with higher German Yield, and market participants fading some of the two decades high in the DXY, which is drifting towards 104.00, after printing a 105.005 high last Thursday. Small resistance moves down to 1.0483 initially