• AUD/USD softened slightly in NY after hitting a 5-month 0.64935 high

• AUD bid overall; AU fiscal flexibility cited as key defence amid tariff woe

• USD to remain under pressure whilst trade concerns continuing to dominate

• AUD sits above 200-DMA, hourly lower Bollinger band support beneath 0.6460

• Focus turns to U.S. trade data due 1230 GMT Tue (poll USD 136.9 bln deficit)

• Overnight range 0.64625-0.64935, support 0.6455-60 0.6360, resistance 0.6550
AUD Daily 200-DMA


AUD Hourly Bollinger Band Study

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