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Apr 17 - 01:55 AM

AUD/USD - Pauses Next Leg Higher As Liquidity Deteriorates

By James Connell  —  Apr 16 - 11:41 PM

• AUD/USD steadies as liquidity dries up before Easter long weekend

• Pair propped up above 55-DMA, needs momentum to break 0.6390 resistance

• AU employment data shows expected rebound, no negative surprises

• AUD supported by brewing doubts over long-standing strong USD policy

• Trade war developments remain key; U.S. jobless claims Thur may impact

• AUD range Asia 0.6353-76, support 0.6180 0.5910, resistance 0.6390
AUDUSD 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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