A Data Partner of:
Refinitiv
May 06 - 07:55 PM

AUD/USD - Breaks Higher As Tariff Concerns Weigh On USD

By James Connell  —  May 06 - 06:30 PM

• AUD/USD hits 0.6515 high on record U.S. trade deficit & lower UST yields

• U.S. businesses front loaded imports in Mar to avoid incoming tariffs

• DXY back below 100 level, under pressure as doubts build over trade deals

• AUD established above 200-DMA, starts next leg higher, 0.6550 first target

• FOMC outcome 1800 GMT Wed, Powell's press conference the main event

• Overnight range 0.6438-0.6515, support 0.6360 0.6180, resistance 0.6550
AUD Daily & DXY Monthly


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

Source:
London Stock Exchange Group | Thomson Reuters

eFX Plus

FX Orders Data Since 2014

  • Institutional Derived FX Orders
  • 5 Dedicated Technical Traders
  • Trade of the Week
  • Quant Models
  • Currency & Commodity Forecasts
  • Machine Readable Insights
  • Data Previews
  • A data parter of  LSEG

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2025 eFXdata · All Rights Reserved
!