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May 20 - 02:55 AM

AUD/USD - Slides As RBA Cuts OCR By A Quarter-Point

By James Connell  —  May 20 - 12:39 AM

• AUD/USD lower in Asia after RBA cuts OCR 25 bps, lowers inflation forecast

• Move lowers the OCR to 3.85%, RBA statement says outlook remains uncertain

• Governor Bullock press conference 0530 GMT, opaque forward guidance expected

• AUD pressing hourly lower Bollinger band, likely oversold short term

• USD remains soft on returning tariff concerns & U.S. credit rating downgrade

• Trump flags immediate Ukraine/Russia ceasefire talks, benefits EUR over USD

• Range Asia 0.6425-59, support 0.6355 0.6180, resistance 0.6550
AUD Hourly Bollinger Study & DXY Daily


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

Source:
London Stock Exchange Group | Thomson Reuters

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