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May 10 - 05:55 PM

AUD/USD - Dives After Trump Rejects Iran Peace Proposal

By James Connell  —  May 10 - 05:21 PM

(Amends word in first line, adds charts)

• AUD/USD -0.4% early Mon as U.S.-Iran peace prospects deteriorate rapidly

• Trump says Iran's response totally unacceptable; Iran says they do not care

• U.S. Apr non-farm payrolls beat expectations Fri at 115k (Reuters poll +62K)

• AUD bouncing from lower hourly Bollinger band but downside pressure remains

• AU Q1 wage price index due Wed, gives guidance on sticky services inflation

• Range Asia 0.7205-55, support 0.6834 0.6660, resistance 0.7283 0.7661
AUD Hourly Bollinger Study


AUD Hourly 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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