AUD/USD Update – 23/05/2017 (11:48am) – by Arjun Lakhanpal

May 23, 2017 by

AUD has maintained its strong bid tone for the third consecutive session and jumped to near three-week highs, beyond the key 0.75 psychological mark. On a sustained move above 0.7500-0.7510 area, the pair is likely to aim towards testing 50-day SMA hurdle near 0.7530-35 zone en-route 100-day SMA resistance near 0.7555 region. On the downside, 0.7470-65 area now becomes immediate support to defend