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TDUX
May 17 - 07:55 PM

AUD/USD - Hesitates In Face Of Rising Middle East Risk

By James Connell  —  May 17 - 05:35 PM

• AUD/USD steady early Mon trading subdued despite renewed U.S.-Iran threats

• Trump says clock ticking for Iran, Situation Room meeting expected Tue

• USD and UST yields rallied Fri as reality of potential Fed hikes sets it

• AUD remains vulnerable, break below 0.7100 support would accelerate fall

• RBA's Hunter speaks ahead May meeting minutes release Tue, AU Apr jobs Thur

• U.S. Apr industrial production +0.7% m/m, Reuters poll consensus +0.3%

• Range Asia 0.7147-526, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Daily 55-DMA


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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