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Jun 01 - 07:55 AM

AUD/USD - Big Targets Still In Sight Along With Rate Hikes

By Peter Stoneham  —  Jun 01 - 06:25 AM
  • Aussie resumes its climb vs the dollar after mild Tues adjustment

  • Big bull targets still in the game above Tues 0.7203 trend high

  • 100-DMA at 0.7230, Bolli at 0.7242, 200DMA 0.7256 and May 5 0.7267 hi

  • A 50% Fibo off 0.7661-0.6829 Apr-May drop also in the mix at 0.7245

  • Support has formed around 0.7150 with more at the 10-DMA at 0.7122

  • Australia's economy held up well in Q1, more growth ahead nL1N2XO02S

  • The data clears the path for a further rise in Aussie int rates

    For more click on FXBUZ





AUD/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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