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TDUX
Jun 08 - 10:55 PM

AUD/USD - Firms Slightly, But Downside Extension Looks Likely

By James Connell  —  Jun 08 - 09:34 PM

• AUD/USD +0.1% Tue, although broader sentiment retains negative bias

• Pair may struggle to retake 0.7080; move toward 0.6834 support possible

• Westpac Jun consumer sentiment 80.6, one of the worst results on record

• Trump's pressure on Iran & Israel to stop attacks moderately successful

• Yemen's Houthis vowing to block Israeli maritime navigation in the Red Sea

• CN May trade balance due Tue, Reuters poll consensus $92.1 bln surplus

• Range Asia 0.70345-52, support 0.6834, resistance 0.7080 0.7200 0.7283
AUD 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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