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Feb 24 - 09:55 PM

AUD/USD - Under Pressure In Asia - 0.6330 Support At Risk

By James Connell  —  Feb 24 - 08:13 PM

• AUD/USD pressed lower in early Asia as USD buying emerged against majors

• Trump re-iterated tariffs rapidly incoming; U.S. inflation fears re-kindled

• Talk of USD month-end-fix demand may hurt AUD sentiment heading into Fri

• Light data calendar unlikely to provide material short-term support

• U.S. consumer confidence Tue; AU m/m CPI indicator Wed, quarterly capex Thur

• AUD Range 0.63365-0.6349, support 0.6330, resistance 0.6415
AUD midday


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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