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TDUX
Jun 03 - 07:55 PM

AUD/USD - Slides As Risk Appetite Sours On Geopolitical Woe

By James Connell  —  Jun 03 - 05:50 PM

• AUD/USD -0.7% late Wed as Middle East war re-escalation dampens sentiment

• Iran hits Kuwait airport; U.S. strikes Qeshm Island; Israel attacks Lebanon

• DXY gains 0.3%, WTI +2.6% to $96.20 a barrel and U.S. equities soften

• AU Apr balance on goods due 0130 GMT, Reuters poll consensus +1.8 bln

• RBA officials Bullock, Hunter & Kent appear before Senate Committee 0500 GMT

• AUD trading towards lower hourly Bollinger band, downside momentum may slow

• Overnight range 0.7127-765, support 0.7080 0.6834, resistance 0.7200 0.7283
AUD Hourly Bollinger Study & DXY Daily 55-DMA


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

Source:
London Stock Exchange Group | Thomson Reuters

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