By James Connell — Apr 09 - 10:14 PM
• AUD/USD slips 0.6% from its 0.6174 overnight high amid profit-taking
• Trump's 90-day pause on reciprocal tariffs underpins broad risk-on rally
• AUD needs consolidation above 0.61, trade-war developments still dictate
• China PPI -2.5% y/y (poll -2.3%) CPI -0.1% (poll 0.0%), deflation persists
• U.S. CPI due 1230 GMT, Reuters poll forecast for core +3.0% y/y
• Range Asia 0.61165-72, support 0.5910 0.5520. resistance 0.6206 0.6390
AUD 10 Minute Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters