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Apr 12 - 03:55 AM

AUD/USD - Fades From Highs As RBA's Bullock Reveals Dovishness

By Ewen Chew  —  Apr 12 - 02:00 AM
  • AUD/USD settles down from Wed peak 0.6677, last 0.6670

  • May slip back under 50% retracement line 0.6664, as US CPI looms

  • Strong US CPI will send it back into downtrend channel 0.6652

  • RBA would have paused even w/out banking stress nS9N34G01Z

  • RBA's Bullock says rates already restrictive, can stop and watch

  • Australia tells exporters to diversify from China nL4N36F0SB

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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