• AUD/USD firms as UST yields & USD soften amid deteriorating U.S. data

• May ISM services PMI edge into contractionary territory (49.9 vs poll 52.0)

• ADP report showed poor private payroll growth in May (+37k vs poll +110k)

• Trump pressuring Fed to lower interest rates, data is starting to agree

• AU Apr balance of trade 0130 GMT Thur (Reuters poll 5,900m balance on goods)

• AUD above 0.6437 200-DMA for 4th consecutive day, topside test will continue

• Range Asia 0.6461-0.6504, support 0.6390 0.6355, resistance 0.6550 0.6690
AUD Daily 200-DMA & Resistance

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