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Jun 12 - 11:55 PM

AUD/USD - 0.6475 Support Gives Way As Israel Strikes Iran

By James Connell  —  Jun 12 - 09:35 PM

• AUD/USD -1.0% from Fri 0.6534 high after Israel attacks Iranian targets

• Israel strikes nuclear facilities, missile capabilities and commanders

• Broad risk-off reaction sweeps up AUD, next support 0.6445-50

• Pair pushing hourly lower Bollinger band, sell-off may run out of steam

• U.S. growth concerns remain; debt/tariff issues will still weigh on USD

• AUKUS review concerning for wider AU-U.S. trade relationship going forward

• Michigan consumer surveys due Fri, FOMC decision Wed next week

• Range early Asia 0.6464-0.6534, support 0.6445-50 0.6390, resistance 0.6550
AUD Hourly Bollinger Study


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

Source:
London Stock Exchange Group | Thomson Reuters

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