FX.co ★ AUD/USD Hot Forecast for 27 May, 2021

• AUD/USD continues to fluctuate in a narrow band on Thursday.
• US BEA left the Q1 GDP growth estimate unchanged at 6.4%.
• US Dollar Index stays flat on the day near 90.00.

The AUD/USD pair continues to have a difficult time making a decisive move in either direction on Thursday. As of writing, the pair was posting small daily gains at 0.7743.

Following the mixed data releases, the US dollar extends its sideways grind around 90.00, not allowing AUD/USD to gather momentum. On a side note, the benchmark 10-year US Treasury bond yield is up 1.6%, helping the greenback stay resilient against its rivals.

In the meantime, the S&P Futures are up 0.1% on the day and the Nasdaq Futures are down 0.25%, suggesting that the market sentiment will not able to provide a directional clue after the opening bell either.

There won't be any high-tier data releases featured in the Australian docket on Friday.