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Apr 23 - 11:55 PM

AUD/USD - Consolidates But Declining Liquidity Could Impact

By James Connell  —  Apr 23 - 09:38 PM

• AUD/USD near week's 0.6350 low as liquidity dissipates ahead AU holiday Fri

• Risk of stop-loss selling below 0.6350, but recent USD strength unconvincing

• DXY relatively close to three-year lows, remains vulnerable to policy shifts

• White House attempts to diffuse CN trade & Fed tensions, will be difficult

• U.S. Mar durable goods due Thur (poll +2.0%); Critical AU Q1 CPI Apr 30

• Range early Asia 0.63565-72, support 0.6350 0.6180, resistance 0.6440 0.6550
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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