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TDUX
Apr 16 - 05:55 PM

AUD/USD - Drifts Lower, Hawkish RBA Lurking

By James Connell  —  Apr 16 - 04:48 PM

• AUD/USD -0.5% from Thur 0.7197 46-month high, but remains bid overall

• Futures imply RBA May rate hike probability approaching 80%

• Hawkish RBA likely to inspire AUD move towards 0.72825 target

• Trump says Israel & Lebanon have agreed 10-day ceasefire

• Fed President Williams underscores Iran war inflation concerns

• Overnight range 0.7152-905, support 0.6834 0.6660, resistance 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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