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Jun 10 - 11:55 PM

AUD/USD - Slips Amid Caution On US-China Trade Detail

By James Connell  —  Jun 10 - 09:51 PM

• AUD/USD -0.4% from 0.6532 high; markets remain sceptical on U.S.-CN progress

• U.S.-CN agree on trade framework in London talks, Trump & Xi yet to approve

• U.S. civil unrest, debt & tariff concerns all continuing to impact USD

• AUD short-term support near 0.6480 a good place for bulls to add exposure

• U.S. May CPI due Wed (Reuters poll consensus +0.3% m/m, +2.9% y/y)

• Range early Asia 0.6505-32, support 0.6480 0.6390, resistance 0.6533 0.6550
AUD Hourly Bollinger study & Short-term Support


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

Source:
London Stock Exchange Group | Thomson Reuters

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