FXMarketAlerts Team
FXMarketAlerts
Published at 09:50 (GMT) 06 May
EUR/USD has found some fresh buying interest at 1.1200, though it doesn't look to be too influential on market direction from here, as we suspect near term ranges have been set until we get the release of the ADP survey a little later on today. Reports of strong selling interest ahead of .8000 have duly played out, and AUD/USD continues to hold off the figure level, having topped out at .7986 for now. This hasn't stopped AUD/NZD from tearing through recent 1.0500 highs, but this was largely on spot NZD selling overnight in response to the slowing pace in NZ wage inflation. After topping out just above the .7575 level Tuesday, we have fallen back through .7500, taking out the previous lows to hit .7457 so far. Little meaningful recovering seen as yet.
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