• AUD/USD -0.6% from overnight 0.64685 high despite continued USD concerns

• Trump continues to have problems in getting his tax bill through Congress

• Weak U.S. 20-year bond auction fuels anxiety on government debt/asset demand

• AUD rose above 0.6451 200-DMA twice, but failed to extend topside yet again

• Pair requires fresh impetus to break higher, likely to drift lower for now

• Overnight range 0.64295-685, support 0.6390 0.6355, resistance 0.6550
AUD Hourly Bollinger Study


AUD Daily 200-DMA & Resistance Levels

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