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Apr 28 - 07:55 PM

AUD/USD - Attempts A Tepid Recovery As Attention Turns To RBA

By Krishna K  —  Apr 28 - 06:20 PM
  • AUD/USD likely to consolidate Friday after a bruising 2.6% weekly loss

  • Holds up relatively well despite rampant USD strength; traders eye RBA Tue

  • RBA hike of 0.15% priced in; will be 1st rate rise in Australia in a decade

  • AUD/JPY buying supports;RBA-BOJ policy divergence undermines JPYnL2N2WQ04F

  • Slowing China economy, prospects of aggressive Fed rate hikes limit recovery

  • Initial support 0.7055, o/n low; resistance 0.7120-25, 0.7145-50

  • For more click on FXBUZ


Fed policy trails inflation by historic margin: Click here

Source:
Refinitiv IFR Research/Market Commentary

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