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May 02 - 06:55 AM

AUD/USD - REFILE-BUZZ-AUD/USD's April, Worst Monthly Performance Since 2014

By Peter Stoneham  —  May 02 - 04:45 AM

Adds April to headline

  • Worst monthly AUD performance since September 2014

  • AUD has now lost 8.2% since peaking at 0.7661 on April 5

  • The steep decline brings rebound risk but AUD has a mountain to climb

  • The 2022 0.6968 low from January 28 the bear target after any adjustment

  • Friday's 0.7180 high the main resistance and trend squeeze point

  • RBA Tues: could throw AUD a life line with a larger than expected hike

  • That said there is no strong consensus: no change or might not shock

  • According to RBAWATCH mkt pricing in a 97% chance of 15-BP hike to 0.25%

    For more click on FXBUZ

AUD/USD daily candle chart: Click here

Refinitiv IFR Research/Market Commentary


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