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TDUX
Apr 08 - 09:55 PM

AUD/USD - Drifts Lower, Needs Fresh Confidence Injection

By James Connell  —  Apr 08 - 09:16 PM

• AUD/USD -0.15% Thur amid waning excitement over U.S.-Iran peace progress

• Ceasefire appears fragile, Iran cites multiple violations of U.S. agreement

• AUD set up potential run towards 0.71875 ytd high but needs fresh momentum

• Fed's Mar meeting minutes reveal growing receptivity to potential FFR hikes

• U.S. Feb core PCE (poll +0.4% m/m) & Q4 GDP (poll +0.7% q/q) due Thur

• Range Asia 0.7030-48, support 0.6834 0.6660, resistance 0.7188 0.7282
AUD Hourly Bollinger Study & DXY Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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