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