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
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AUD/USD daily candle chart: Click here
Source:
Refinitiv IFR Research/Market Commentary