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Apr 23 - 01:55 AM

AUD/USD - Recovers Lost Ground; All Eyes Trained On USD

By James Connell  —  Apr 22 - 11:44 PM

• AUD/USD firms in Asia with USD news driving risk-sentiment

• Trump unwinding Fed threats, easing trade tension fuels optimism

• DXY recovery looks precarious, still close to three-year lows

• If Trump renews pressure on Fed to cut FFR, USD gains will vanish

• AUD needs to re-take 0.6400, head towards 200-DMA to sustain uptrend

• Quiet week for AU data; U.S. S&P PMI due Wed, durable goods Thur

• Range early Asia 0.6350-0.6405, support 0.6180, resistance 0.6440 0.6550
AUD Daily 200-DMA & Monthly USD Index


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

Source:
London Stock Exchange Group | Thomson Reuters

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