By James Connell — May 15 - 06:20 PM
• AUD/USD -1.5% from Wed high, sits near daily lows despite wider USD selling
• Soft retail sales/producer prices sent UST yields/DXY lower on growth fears
• AUD has failed multiple attempts to sustain itself above 0.6454 200-DMA
• Focus on RBA May 20 OCR decision, 25 bps cut expected, statement will be key
• U.S. Apr import/export prices, Michigan consumer sentiment due Fri
• Overnight range 0.6391-0.6441, support 0.6355 0.6180, 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