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Jun 12 - 10:55 PM

AUD/USD - Slides As Middle East Conflict Escalates

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

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