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Apr 22 - 07:55 PM

AUD/USD - Retreats From Highs As USD Finds Some Friends

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

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