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Apr 21 - 11:55 PM

AUD/USD - Slips From Highs, But Uptrend Now Well Established

By James Connell  —  Apr 21 - 09:37 PM

• AUD/USD off highs in Asia, yet remains bid, +8.6% since Apr 9 low

• Bounces from hourly lower Bollinger band, likely to re-test highs

• Broad deterioration in USD sentiment continues to support the pair

• Trump's tirade towards Jerome Powell fuels concern over Fed independence

• Quiet week ahead for AU data; U.S. S&P PMI due Wed, durable goods Thur

• AUD range Asia 0.64006-22, support 0.6180, resistance 0.6469 0.6550
AUD Hourly & Daily


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

Source:
London Stock Exchange Group | Thomson Reuters

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