By James Connell — Apr 30 - 06:42 PM
• AUD/USD recovers from an early NY sell-off attributed to global growth fears
• U.S. Q1 GDP -0.3%, exaggerated by front loading imports ahead of tariffs
• AUD bounced off trend channel base, needs boost to challenge 0.6462 200-DMA
• Tariff concerns continue to weigh on USD; traders wary of month-end flows
• AU trade data 0130 GMT Thur, AU retail sales/PPI and U.S. payrolls due Fri
• Overnight range 0.6357-0.6413, support 0.6355-60, resistance 0.6462 0.6550
AUD 4 Hour Trend Channels Chart
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters