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TDUX
May 07 - 10:55 PM

AUD/USD - Rally Stalls, Risk Aversion Increasing Pre-Weekend

By James Connell  —  May 07 - 08:58 PM

• AUD/USD hovers near bottom of overnight range amid Iran ceasefire questions

• Brent crude +2.4% in Asia after U.S. and Iran exchange missiles

• Iran accuses U.S. of violating ceasefire, Trump says strikes retaliatory

• AUD losing touch with major 0.7283 inflection point for now, drifting lower

• Weighty U.S. Apr non-farm payrolls due Fri, Reuters poll consensus +62k

• AU Q1 wage price index due Wed, gives guidance on sticky services inflation

• Range Asia 0.7200-13, support 0.6834 0.6660, 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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