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Jun 23 - 11:55 PM

AUD/USD - Recovers With Risk, After Squeezing Range Traders

By Andrew Spencer  —  Jun 23 - 09:58 PM

• Up 0.35% with broad-based risk appetite on Israel/Iran ceasefire

• Iran's Araqchi says if Israel stops attacks on Iran, Tehran will not respond

• There is no scheduled Australian data or RBA events, risk appetite leads AUD

• Risk 'on' - E-mini S&P +0.55%, Brent oil -2.97%, Nikkei +1.15%, ASX 200 +1%

• Charts, 5, 10 & 21-day moving averages coil with neutral momentum studies

• 21-day Bolli bands ease - dailies show neutral signals at familiar levels

• 0.6422 lower 21-day Bolli band, then yesterday's 0.6373 low, first support

• Friday's 0.6495 high, then 0.6552 June and 2025 top are the first resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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