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