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May 19 - 01:55 AM

AUD/USD - Creeping Higher But Remains Shackled Pre-RBA

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

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