By James Connell — Apr 29 - 06:41 PM
• AUD/USD drifted lower overnight after touching 20-week 0.6450 high in Asia
• AU Q1 CPI 0130 GMT Wed, focus on trimmed mean (poll +0.6% q/q, +2.8% y/y)
• U.S. Apr consumer confidence tanked on tariff woe, index at COVID19 levels
• USD remains under pressure, but AUD needs momentum to break 0.6462 200-DMA
• U.S. GDP & consumption data due Wed, payrolls Fri (1st read post tariff-day)
• Overnight range 0.6377-0.6431, support 0.6355, resistance 0.6462 0.6550
AUD Daily 200-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters