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Jun 03 - 02:55 AM

AUD/USD - Fresh Trend High And Positive Setup Into U.S. Jobs

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

For more click on FXBUZ


aud 2 jun 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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