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Apr 15 - 11:55 PM

AUD/USD - Defies Odds, Up 1.5% MTD Half-Way Through April

By James Connell  —  Apr 15 - 09:52 PM

• AUD/USD remains bid, +7.3% since Apr 9 low and +1.5% month to date

• AUD supported as scepticism builds on long-standing strong USD policy

• China-U.S. trade war developments critical to the pair's trajectory

• CN Mar retail sales (poll +4.2% y/y), Q1 GDP (poll +5.1% y/y) 0200 GMT Wed

• AU employment data 0130 GMT Thur, Reuters poll consensus +40.0k jobs

• AUD range Asia 0.63225-465, support 0.6180 0.5910, resistance 0.6390
AUD Hourly


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

Source:
London Stock Exchange Group | Thomson Reuters

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