By James Connell — May 06 - 11:49 PM
• AUD/USD -0.5% from Wed's high as USD sentiment improves ahead U.S./CN talks
• CN stimulus stoked a short-lived AUD rally before USD buyers re-emerged
• U.S. Treasury Secretary Bessent talking-up prospects for trade deals
• Escalating India/Pakistan instability undermining risk sentiment
• AUD should be supported near 0.6459 200-DMA, break below would inspire bears
• FOMC outcome 1800 GMT Wed, Powell's press conference will be critical
• Range Asia 0.6478-0.6515, support 0.6459 0.6360, resistance 0.6550
AUD Daily 200-DMA
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters