By James Connell — May 13 - 05:58 PM
• AUD/USD +1.8% from Tue 0.6358 low as USD buying dissipated overnight
• U.S. inflation lower than forecast, CPI 2.3% y/y (Reuters poll 2.4%)
• Mon's 'negative USD trade' exodus usurped by improving risk-sentiment
• AUD breaks back above 0.6456 200-DMA, sights set on 0.6550 resistance
• AU wage data due 0130 GMT Wed, employment Thur (Reuters poll +25.0k jobs)
• Overnight range 0.64015-785, support 0.6355 0.6180, resistance 0.6550
0.6687
AUD Daily 200-DMA
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters
