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May 22 - 11:55 PM

AUD/USD - Firms In Asia As USD Negativity Returns

By James Connell  —  May 22 - 10:07 PM

• AUD/USD +0.3% from Fri 0.64085 low on deteriorating USD sentiment

• Anxiety over Trump's tax bill and its impact on U.S. debt the main theme

• Break & hold above 0.6450 200-DMA remains aspirational, needs fresh catalyst

• RBA Governor Bullock in CN May 28-30, meeting with local counterparts

• Significant AU Apr CPI & retail sales, Q1 capex data all due next week

• Range early Asia 0.64085-31, support 0.6390 0.6355, resistance 0.6550
AUD Hourly Bollinger Study


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

Source:
London Stock Exchange Group | Thomson Reuters

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