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May 07 - 07:55 PM

AUD/USD - Cedes Ground As USD Buyers Gain Ascendency

By James Connell  —  May 07 - 06:19 PM

• AUD/USD -1.4% from Wed's 0.6515 high on tariff hope & FOMC outcome

• Fed left FFR unchanged; Powell cites risks of inflation & unemployment

• USD sentiment improving on potential trade deals & upcoming U.S./CN talks

• Escalating India/Pakistan instability may impact Asia risk sentiment

• AUD pressing the hourly lower Bollinger band, looks oversold short-term

• Overnight range 0.6422-85, support 0.6365-70 0.6180, resistance 0.6550
AUD Hourly Bollinger Study


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

Source:
London Stock Exchange Group | Thomson Reuters

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