By James Connell — Jun 12 - 08:39 PM
• AUD/USD -0.8% on broad risk-off reaction to Israel reportedly striking Iran
• Pair pushing hourly lower Bollinger band, likely oversold short-term
• Thur 0.64775 low will provide initial support, U.S. growth concerns remain
• AUKUS review concerning for wider AU-U.S. trade relationship going forward
• U.S. civil unrest, debt & tariff concerns will continue to weigh on USD
• Michigan consumer surveys due Fri, FOMC decision Wed next week
• Range early Asia 0.64855-0.6534, support 0.6475 0.6390, resistance 0.6550
AUD Hourly Bollinger Study
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters