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TDUX
Jun 04 - 08:55 AM

AUD/USD - Waiting For A Catalyst

By Christopher Romano  —  Jun 04 - 07:06 AM

• AUD/USD traded up slightly, pair traded 0.7123-0.7138, was up +0.10% early NY

• Drops in USD, US yields , oil , UDS/CNH helped prop up the pair

• Gains in gold , silver & copper also helped the pair trade up

• AUD/USD remains in its recent 0.7080-0.7200 range ahead of US May jobs data Friday

• Pair hemmed in by the 10- & 21-DMAs on top & the 55-DMA, daily cloud top down below

• June's price drop following May's doji could be a concern for AUD/USD bulls

• US weekly and continuing jobless claims are data risks in NY's morning
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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