AUD: AUD/USD - Surges With Risk On Trump's Deal Announcement

• RES 3: 95.900 - High Jan 8 and a key short-term resistance  
• RES 2: 95.653 - 23.6% retracement Oct - Mar Downleg (cont)
• RES 1: 95.445 - High May 06
• PRICE: 95.250 @ 16:12 BST May 11
• SUP 1: 95.195 - Low Apr 28
• SUP 2: 95.035 - Low Mar 22
• SUP 3: 94.360 - 1.0% 10-dma envelope

The break back above the 50-dma proved short-lived, with prices fading again into the Tuesday close. Any additional progress above the 50-dma opens 95.653, the 23.6% retracement for the downleg posted off the October high on the continuation contract. While the bear mode set-up in MA studies is highlighting a dominant downtrend, moves this week are highlighting the risk of a near-term correction higher. Any weakness through year-to-date lows at 95.560 would prompt further downside from here, opening vol-band support into 94.360.

• Bank of Korea to Sell 500 Bn Won 1-Year Bonds
• Vietnam to Sell VND500 Bn 4.4% 2056 Bonds
• Vietnam to Sell VND1 Trillion 4.1% 2041 Bonds
• Vietnam to Sell VND3 Trillion 3.3% 2031 Bonds
• Vietnam to Sell VND12 Trillion 4.1% 2036 Bonds
• Hong Kong to Sell HK$1.5B 1-Year Floating-Rate Notes
• Thailand to Sell 30 Bn Thb of 2029 Bonds
• Thailand to Sell 8 Bn Thb of 2050 Bonds
• China to Sell 170 Bn Yuan 1.06% 2027 Bonds
• China to Sell 34 Bn Yuan 2.2% 2046 Bonds
• China to Sell 30 Bn Yuan 91-Day Bills
• India to Sell 60 Bn Rupees 182-Day Bills
• India to Sell 120 Bn Rupees 91-Day Bills
• India to Sell 60 Bn Rupees 364-Day Bills
• South Korea to Sell 2.5T Won 63-Day Financial Bills
• Bank Indonesia to Sell 34-Day Dollar Sukuk Bills
• Bank Indonesia to Sell 365-Day Dollar Sukuk Bills
• Bank Indonesia to Sell 184-Day Dollar Sukuk Bills
• Bank Indonesia to Sell 92-Day Dollar Sukuk Bills
• Bank Indonesia to Sell 276-Day Dollar Sukuk Bills 

source: Bloomberg Finance LP / MNI