5/2/2021 9:33:03 PM GMT
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By Anil Panchal
AUD/USD defends short-term trading range after the heaviest monthly gain of 2021.
US dollar gained on Friday amid covid fears, looming uncertainty over Biden’s stimulus.
Mixed PMI from China, month-end moves also weighed on the quote.
Second-tier Aussie data, risk catalysts will be the key, off in China, Japan can restrict market moves.
AUD/USD picks up bids around 0.7720, struggles to recover from short-term range support, amid the early Monday morning in Asia. The Aussie pair marked the biggest monthly gain in 2021, despite the recent pullback, in April. The downward pressure remains present at the start of May even as buyers defend 0.7700.