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