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