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