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TDUX
Jun 15 - 07:55 PM

AUD/USD - Trades Sideways As RBA Outcome Looms

By James Connell  —  Jun 15 - 06:08 PM

(Corrects RBA timing in second bullet)

• AUD/USD steady in overnight trading as Iran peace re-calibration continues

• RBA policy meeting outcome 0430 GMT, no change to 4.35% OCR anticipated

• AUD resistance formed 0.7089 Mon, unlikely to break ahead RBA announcement

• Trump says preliminary Iran deal already signed, details still unclear

• Israel states they are not bound by terms of the U.S.-Iran agreement

• Brent crude trading at 3-month lows, U.S. equities pushing record highs

• Overnight range 0.70645-885, support 0.6834, resistance 0.7089 0.7200 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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