By James Connell — Apr 01 - 05:45 PM
• AUD/USD traded 0.6283 in NY, extending the recovery from Mon's 0.6219 low
• AUD supported after RBA held OCR steady & Bullock non-committal on May cut
• Anticipation building ahead reciprocal tariffs announcement due 2000 GMT Wed
• The pair is pushing the hourly upper Bollinger band, but still below 55-DMA
• Clean break above 0.6292 (55-DMA) would be bullish signal
• AU balance of trade Thur; U.S. durable goods, trade, payrolls also due
• Overnight AUD range 0.62449-0.6283, support 0.6190, resistance 0.6390
0.6415
AUD hourly Bollinger
AUD 55-DMA
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters