By James Connell — May 18 - 11:37 PM
• AUD/USD firms in Asia but unlikely to follow through pre-RBA meeting outcome
• RBA OCR decision 0430 GMT Tue, 25 bps cut expected, statement will be key
• Near flat in May, AUD needs fresh catalyst to break away from 0.6453 200-DMA
• USD softer as tariff & debt concerns return, Moody's downgrades U.S. rating
• CN data mixed: retail sales disappoint but industrial output above forecast
• Range Asia 0.6400-215, support 0.6355 0.6180, resistance 0.6550
AUDUSD Hourly Bollinger Study
AUD Daily 200-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters