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May 21 - 07:55 PM

AUD/USD - Firms As Markets Revisit Iran Peace Deal Rhetoric

By James Connell  —  May 21 - 05:55 PM

• AUD/USD +0.7% from Thur 0.7100 low as U.S. officials claim peace progress

• Supreme Leader has ordered enriched uranium to stay in Iran, sources say

• Thur's AU Apr jobless spike lets RBA assess war impact before next OCR move

• Futures pricing now implies probability of Jun RBA hike just 10.4%

• Rising Fed rate hike expectations will fuel downside pressure on AUD/USD

• AUD targets break below 0.7096 55-DMA, door opening for move towards 0.6834

• AU Apr monthly CPI update due Wed, Q1 capital expenditure data Thur

• Overnight range 0.7108-68, support 0.7080 0.6834, resistance 0.7283 0.7661
AUD Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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