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May 18 - 07:55 PM

AUD/USD - Stabilizes As Traders Dismiss Moody's US Downgrade

By James Connell  —  May 18 - 06:09 PM

• AUD/USD steady ahead RBA meeting; U.S. concerns persist in background

• Moody's downgrade U.S. credit rating citing government debt concerns

• RBA OCR decision 0430 GMT Tue, 25 bps cut expected, statement will be key

• Analysts scaling back quantum of AU's easing cycle as trade war de-escalates

• AUD towards middle recent range, struggling to move beyond 0.6453 200-DMA

• CN urban investment, industrial output, retail sales due 0200 GMT Mon

• Range early Asia 0.6000-09, support 0.6355 0.6180, resistance 0.6550
AUD Daily 200-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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