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• AUD/USD -0.3% Mon as CN economic updates miss expectations dramatically
• CN Apr y/y industrial output 4.1% (poll 5.9%), retail sales 0.2% (poll 2.0%)
• AUD pushing hourly lower Bollinger band, still soft but momentum slowing
• Rising potential for Fed hikes underpins USD and UST yields strength
• Drone attack on UAE nuclear power plant pushes Brent crude +1.9%, WTI +2.2%
• RBA's Hunter speaks Tue ahead May monetary policy meeting minutes release
• AU Apr employment update Thur, Reuters poll: +20k jobs, 4.3% unemployment
• Range Asia 0.71181-526, support 0.7100 0.6834, resistance 0.7283 0.7661
AUD Hourly Bollinger Study & DXY Daily 55-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)