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TDUX
Jun 02 - 07:55 PM

AUD/USD - Firms Slightly As Traders Seek Clarity

By James Connell  —  Jun 02 - 05:40 PM

• AUD/USD +0.3% late Tue but markets wary of Middle East developments

• AU Q1 real GDP 0130 GMT, Reuters poll consensus +0.5% q/q, +2.6% y/y

• RBA officials Bullock & Kent to appear before Senate Committee Wed

• Israel continues to strike Lebanon despite U.S.-mediated partial ceasefire

• Confused U.S.-Iran messaging persists; Hormuz remains effectively closed

• AUD unlikely to break 0.7080-0.7200 channel without fresh catalyst

• Overnight range 0.7168-87, support 0.7080 0.6834, resistance 0.7200 0.7283
AUD 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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