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