By Andrew Spencer — Jun 30 - 09:26 PM
• 0.2% lower amid broad JPY strength after the Tankan Survey, AUD/JPY -0.45%
• The U.S. Senate tries to overcome infighting to pass Trump's $3.3 tln bill
• Expect a muted FX response if it passes, unless there are major surprises
• Charts, 5, 10 & 21-day moving averages climb, 21-day Bolli bands expand
• Positive daily momentum studies - bullish setup at the 2025 highs
• Key support levels: Thursday's 0.6508 low and then Tuesday's 0.6456 base
• Resistance levels: There is blue sky until the 0.6687 November 2024 top
• A close below the rising 21-DMA at 0.6507 would undermine the uptrend
Andy
(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters