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Apr 28 - 10:55 PM

AUD/USD - Needs Momentum Uplift To Begin Next Leg Higher

By James Connell  —  Apr 28 - 09:06 PM

• AUD/USD +4.0% in 2025 as USD weakens, but requires catalyst to break higher

• Technical resistance awaits near 0.6439 (Apr 22 high) and 0.6462 (200-DMA)

• RBA's Kent speaking on AU external position and FX market 0205 GMT Tue

• AU Q1 CPI due Wed, may solidify expectations around May RBA move

• Tariff uncertainty hurting USD; raft of impactful U.S. data due pre-Fri

• Range Asia 0.6422-335, support 0.6350-55 0.6180, resistance 0.6440 0.6550
AUD Daily 200-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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