By Andrew M Spencer — Jun 03 - 12:15 AM
Off 0.1% in a 0.7254-0.7282 range - fresh trend high with consistent D3 flow
PM endorses minimum wage increase to ease pain of inflation nL1N2XQ02U
Poll - majority of economists expect RBA to raise rates 25pts to 0.6% June 7
11 of 35 economists forecast 40bp hike as inflation rises nL4N2XM1OH
Thursday's bullish outside day and close above 100 and 200 DMA's supports
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 well tested 0.7163 10 day moving average first supports
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aud 2 jun 3 Click here
Source:
Refinitiv IFR Research/Market Commentary