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TDUX
Jun 09 - 01:55 AM

AUD/USD - Consolidates In Asia, Markets On Edge

By James Connell  —  Jun 08 - 11:37 PM

• AUD/USD flat Tue as markets seek clarity on confusing Middle East situation

• CN May trade balance $105.4 surplus, beats expectations of +$92.1 bln

• U.S. pressure on Iran & Israel to stop attacks yields mixed results

• Israel's maritime navigation in the Red Sea at risk of Houthi intervention

• Former 0.7080 support now becoming resistance; downside extension likely

• Westpac Jun consumer sentiment 80.6, one of the worst results on record

• CN May inflation data & U.S. CPI due Wed, U.S. May PPI due Thur

• Range Asia 0.70345-59, support 0.6834, resistance 0.7080 0.7200 0.7283
AUD Daily 55-DMA


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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