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May 12 - 11:55 PM

AUD/USD - Slips As USD Benefits From Easing Trade Woe

By James Connell  —  May 12 - 09:36 PM

• AUD/USD remains soft in Asia as unwinding of 'negative USD' trade continues

• U.S. growth fears abating after U.S./CN announce details of tariff pause

• AUD downside wide open, requires emerging global growth story to avoid rout

• India/Pakistan truce soothing Asia markets amid hopes of lasting ceasefire

• U.S. CPI due 1230 GMT Tue; AU employment Thur (Reuters poll +25.0k jobs)

• Range early Asia 0.6362-0.6378, support 0.6180, resistance 0.6550 0.66875
AUD 4hr Trend Channels Chart


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

Source:
London Stock Exchange Group | Thomson Reuters

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