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Jun 22 - 07:55 PM

AUD/USD - Geopolitics And Technical Signals Weigh

By Andrew Spencer  —  Jun 22 - 06:21 PM

• Off 0.3% with the safe-haven U.S. dollar up 0.25% in early trading

• The world awaits the Iranian response after the US hit nuclear sites

• S&P global manufacturing, services, and combined PMIs lead today's data

• The AUD will likely be led by risk appetite, and the USD on geopolitics

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

• 21-day Bollinger bands expand - overall, a modest negative setup

• Targets a test of 0.6407 May 30 low, then the 0.6344 late April base

• Thursday's 0.6510 high, then 0.6552 June, and 2025 top are 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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