By James Connell — May 12 - 06:16 PM
• AUD/USD -1.4% overnight after U.S. & CN announced tariff truce details
• Unwinding of 'negative USD' trade accelerating as growth fears abate
• AUD trajectory suffering short-term, breaks base of month-long trend channel
• Fragile India/Pakistan ceasefire remains concerning for Asia markets
• U.S. CPI due Tue, AU employment Thur (poll +25.0k jobs, 4.1% unemployment)
• Overnight range 0.63585-0.6461, support 0.6180, resistance 0.6550 0.66875
AUD 4hr Trend Channel Chart
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters