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May 22 - 07:55 PM

AUD/USD - Softens As Trump Tax Bill Scrapes Through House

By James Connell  —  May 22 - 06:23 PM

• AUD/USD -0.7% from Thur 0.6459 high as U.S. debt anxiety temporarily eases

• Pair once again fails to hold above 0.6450 200-DMA, has become AUD's nemesis

• Trump's tax bill passes U.S. house vote 215-214, USD sentiment less negative

• RBA Hauser says AU exporters upbeat on CN, citing scale/cost advantages

• Key AU CPI, capex and retail sales data all due next week

• Overnight range 0.64075-59, support 0.6390 0.6355, resistance 0.6550
AUD Daily 200-DMA & DXY Daily


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

Source:
London Stock Exchange Group | Thomson Reuters

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