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