• AUD/USD softens late after hitting 0.6546 high on below forecast U.S. CPI

• U.S. May core CPI +0.1% m/m, +2.8% y/y (poll +0.3%, +2.9% respectively)

• AUD recoils from key 0.6550 resistance zone at first attempt

• Pair now pushing hourly lower Bollinger band, looks oversold short-term

• Details emerge on U.S.-CN trade framework, CN tariffs set at 55% in totality

• U.S. civil unrest, debt & tariff concerns will continue to weigh on USD

• Overnight range 0.6496-0.6546, support 0.6480 0.6390, resistance 0.6550
AUD Hourly Bollinger Study


AUD Daily 200-DMA & Major Resistance Levels

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