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TDUX
May 07 - 07:55 PM

AUD/USD - Takes Downwards Cue Amid Middle East Confusion

By James Connell  —  May 07 - 05:51 PM

• AUD/USD -0.8% from Thur 0.7264 high Iran peace negotiations go off script

• Iran says U.S. has violated ceasefire targeting ships and civilian areas

• U.S. trade court rules against Trump's latest 10% global tariffs

• AUD backs off major 0.7283 resistance, needs momentum renewal to challenge

• Pair pushing lower hourly Bollinger band, looking oversold short term

• Important U.S. Apr non-farm payrolls due Fri, Reuters poll consensus +62k

• Overnight range 0.7202-64, support 0.6834 0.6660, resistance 0.7283 0.7661
AUD Hourly Bollinger Study & DXY Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters
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