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TDUX
May 18 - 11:55 PM

AUD/USD - Softens, RBA Meeting Minutes Imply Rate Pause

By James Connell  —  May 18 - 09:41 PM

• AUD/USD -0.4% Tue, meeting minutes show RBA thinks OCR slightly restrictive

• RBA sees breathing space to see how economy reacts Iran war developments

• RBA's Hunter expects oil price inflation to be passed through quickly

• Iran tables fresh peace proposal, Trump says 'very good chance' of deal

• DXY recovers 0.1% in Asia post-overnight losses prompted by peace hopes

• AUD bears targeting 0.7100 support, break below would expediate downswing

• AU Apr employment update Thur, Reuters poll: +17.5k jobs, 4.3% unemployment

• Range Asia 0.7140-774, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Daily 55-DMA


DXY 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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