eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
• AUD/USD +0.4% from Wed 0.72315 low despite DXY rising 0.2%
• U.S. Apr PPI spiked 1.4% m/m (poll +0.5%) as inflation concern mounts
• U.S. Senate approves Trump nominee Kevin Warsh as next Fed Chair
• U.S.-CN meeting in focus, trade & business expected to dominate agenda
• AUD flirting with 0.7283 resistance zone, but will be tough to break
• Overnight range 0.7233-72, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Hourly Bollinger Band & DYX Daily 55-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)