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TDUX
Apr 17 - 01:55 AM

AUD/USD - Holds Solid Gains Ahead Of Weekend

By James Connell  —  Apr 16 - 11:49 PM

• AUD/USD up 1.3% wtd as hopes for a Middle East peace deal build

• Futures imply a 76% chance of an RBA rate hike in May

• Interim U.S.-Iran deal ahead of ceasefire deadline seen as positive

• Israel-Lebanon 10-day ceasefire boosts hopes for U.S.-Iran talks

• AUD stays firm, targeting the 0.72825 high from May 2022

• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu

• Range Asia 0.71521-65, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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