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Apr 01 - 07:55 PM

AUD/USD - Firms Post RBA, Tension Builds Ahead 'Liberation Day'

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

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