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Apr 12 - 05:55 PM

AUD/USD - Plunges On Iran Peace Talk Failure

By James Connell  —  Apr 12 - 04:57 PM

• AUD/USD -1.3% in early trade Mon as U.S.-Iran fail to reach peace agreement

• Trump vows to blockade the Strait of Hormuz, refreshes oil price pressure

• AUD pushing hourly lower Bollinger band, oversold but remains news driven

• RBA Deputy Governor Andrew Hauser speaking in New York Mon evening

• U.S. Mar core CPI +0.2% m/m, +2.6% y/y (poll +0.3%, +2.7% respectively)

• Range Asia 0.6980-0.7040, support 0.6834 0.6660, resistance 0.7188 0.7282
AUD Hourly Bollinger Study & DXY Daily


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

Source:
London Stock Exchange Group | Thomson Reuters
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