By Andrew Spencer — Jun 30 - 06:56 PM
• Steady after closing up 0.75%, with Wall Street higher, USD 0.5% lower
• There is no significant AUD data today - Japan's Tankan and Asian PMIs lead
• News on Trump's $3.3 tln bill likely, as Republican infighting continues
• The bill is expected to pass, so a modest Asian market response is likely
• Charts, 5, 10 & 21-day moving averages climb, 21-day Bolli bands expand
• Positive daily momentum studies - bullish setup at the 2025 highs
• Thursday's 0.6508 low and then Tuesday's 0.6456 base are initial supports
• There is no significant resistance until the 0.6687 November 2024 top
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters