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TDUX
Jun 30 - 07:55 PM

AUD/USD - Catches Year-End Bid, Upswing May Be Short Lived

By James Connell  —  Jun 30 - 05:39 PM

• AUD/USD +0.7% from Tue's low, recovers from near 0.6864 200-DMA

• 0.6834 remains target zone, break below will expediate downswing

• Cotality data reveals AU housing prices entering steep decline

• RBA tightening cycle may have run its course, hawkish rhetoric aside

• Iran reiterates will not be meeting U.S. officials in Doha

• U.S. Jun non-farm payrolls due Thur, Reuters poll consensus +110k

• Overnight range 0.68756-0.6930 support 0.6834 0.6660, resistance 0.7089
AUD Daily 200-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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