TECHNICAL ANALYSIS

The main currencies somewhat undecided so far during the session


The dollar strengthened slightly to restore that little bit of gains again

EUR / USD is back above 1.1000 to 1.1013 after hitting a low of 1.0992 earlier, cable also rebounding to levels close to its 100-hour moving average at 1.2245 to stand at 1.2280 now.
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Overall, there is still little change in the major currency space at the moment.

The mood for risk remains firmer, with European equities holding modest gains of around 0.6% to 0.8% mainly. Italian stocks are leading the charge with gains of just over 1%.

Meanwhile, futures contracts in the United States also held steady, as futures on the S&P 500 rose 0.2%.

Back to currency, AUD / USD is trading near unchanged levels with resistance above the 200-day moving average @ 0.6658 which still holds:

AUD / USD D1 28-05

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