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Jun 02 - 07:55 AM

AUD/USD - Recovers Following Technical Rejection

By Peter Stoneham  —  Jun 02 - 05:55 AM
  • Wed rejection at the 100DMA looking like a speed bump only

  • Early Thurs gains put the underlying bull run back on track

  • AUD still facing big hurdles: 100 and 200DMAs and a 50% Fibo

  • MAs at 0.7229 and 0.7258 and Fibo off 0.7661-0.6829 is at 0.7245

  • Australia trade surplus widens in April on LNG exports nAZN065606

  • RBA meets next week and speculation grows for a surprise nL1N2XP0EI

  • Growth vs inflation conflict noted but encouraging Aussie econ signs

    For more click on FXBUZ







AUD/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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