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