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TDUX
Apr 06 - 07:55 PM

AUD/USD - Firms Despite Ongoing Iran War Turmoil

By James Connell  —  Apr 06 - 06:16 PM

• AUD/USD +0.5% wtd as markets struggle to process U.S.-Iran war status

• Ceasefire framework proposed by Pakistan rejected by Iran

• Trump continues to threaten Tues deadline for Iran infrastructure attacks

• Oil rises in volatile trading on reality of medium-term supply challenges

• Futures now imply 72% chance of RBA May rate hike; AUD remains news reactive

• U.S. Mar non-farm payrolls exceeded expectations at +178k (poll +60k)

• Overnight range 0.69061-375, support 0.6834 0.6660, resistance 0.7188 0.7282
AUD Weekly 52-WMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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