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Feb 25 - 01:55 AM

AUD/USD - Traders Running Out Of Confidence In AUD/USD Rally

By James Connell  —  Feb 24 - 10:40 PM

• AUD/USD turned lower overnight and remains soft in 'risk-off' Asia trading

• Talk on tariffs, inflation and month-end-fix USD buying weighed on pair

Break below 0.6330 may bookend Feb rally - in place since 0.60886 58-mth-low

• Positive AUD catalysts well known, new impetus needed to preserve uptrend

• U.S. consumer confidence Tue; AU m/m CPI indicator Wed, quarterly capex Thur

• AUD Range 0.63365-0.63555, support 0.6330, resistance 0.6415
AUD eod


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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