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Apr 19 - 07:55 PM

AUD/USD - Softens As Iran Rejects US Peace Talks

By James Connell  —  Apr 19 - 06:11 PM

• AUD/USD -0.7% Mon after hitting fresh 46-month 0.72215 high on Fri

• Iran rejects peace talks, Trump renews threats to strike infrastructure

• AUD pushing lower hourly Bollinger band, slide will slow short term

• Hawkish RBA lurking, futures imply 80% chance of an RBA rate hike in May

• U.S. Mar retail sales due Tue; Apr S&P flash PMIs due Thu

• Range Asia 0.7115-633, support 0.6834 0.6660, resistance 0.7250 0.7283
AUD Daily 55-DMA


AUD Hourly Bollinger Study


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

Source:
London Stock Exchange Group | Thomson Reuters
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