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Jun 19 - 07:55 PM

AUD/USD - Bounces From Key Support Zone In Illiquid Market

By James Connell  —  Jun 19 - 06:11 PM

• AUD/USD recovers 0.6% from Thur 0.6446 low in very thin US holiday trading

• Safe haven USD buying amid Middle East war escalation on pause for now

• Iran gets temporary reprieve as Trump indicates two-week go/no go deadline

• Support 0.6445-50, break below 0.6425 200-DMA would accelerate move lower

• Scant AU economic data ahead critical May CPI due later next week

• Overnight range 0.6446-83, support 0.6445-50 0.6390, resistance 0.6550-55
AUD Daily 200-DMA & Daily DXY


AUD Hourly


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

Source:
London Stock Exchange Group | Thomson Reuters

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