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Jun 02 - 10:55 PM

AUD/USD - Continues To Climb With Risk Appetite And Commodities

By Andrew M Spencer  —  Jun 02 - 08:30 PM

  • Flat after closing +1.3%, as commodities firmed and risk appetite rebounded

  • No significant data or scheduled RBA events, so risk and commodities to lead

  • RBA to raise rates 25pts to 0.6% June 7, but some expect 40pts nL4N2XM1OH

  • AUD currently resilient when the U.S. dollar rises and jumps when is falls

  • A bullish outside day and close above 100 and 200 DMA's sustains uptrend

  • 5, 10 & 21 DMAs head higher as 21 day Bolli bands expand - positive setup

  • 0.7343, 61.8% of the 2022 fall is the next significant resistance

  • 0.7230 100 DMA and 0.7290 upper 21 day Bolli band first support resistance

For more click on FXBUZ


aud jun 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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