By James Connell — Apr 22 - 06:33 PM
• AUD/USD -1.1% from Tue's 0.6439 high as USD finds temporary relief
• U.S. Treasury Secretary Bessant forecast de-escalation in trade tensions
• DXY makes a tentative recovery, but remains close to three-year lows
• With IMF slashing outlook & Trump undermining Fed, relief looks precarious
• AUD near the hourly lower Bollinger band, looks oversold short-term
• Quiet week ahead for AU data; U.S. S&P PMI due Wed, durable goods Thur
• Overnight range 0.6350-0.64275, support 0.6180, resistance 0.6440 0.6550
USD Index Monthly
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters