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TDUX
Apr 08 - 05:55 PM

AUD/USD - Consolidates Gains Amid Tentative Iran Ceasefire

By James Connell  —  Apr 08 - 05:06 PM

• AUD/USD +1.1% from Wed 0.6969 low, but traders wary of U.S.-Iran ceasefire

• Iran says Israel's ongoing Lebanon attacks violate terms agreed with U.S.

• Wed's relief rally lifting risk sensitive assets, WTI -14.8%, DXY -0.8%

• Fed Mar meeting minutes flag growing receptivity to FFR hikes

• AUD break above 0.7018 55-DMA sets up potential run towards 0.71875 ytd high

• U.S. Feb core PCE (poll +0.4% m/m) & Q4 GDP (poll +0.7% q/q) due Thur

• Overnight range 0.70285-78, support 0.6834 0.6660, resistance 0.7188 0.7282
AUD Daily 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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