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TDUX
Jun 01 - 01:55 AM

AUD/USD - Seeks Direction As Middle East Trouble Brews

By James Connell  —  May 31 - 11:55 PM

• AUD/USD flat Mon, Middle East peace prospects increasingly frayed

• Reports of fresh strikes from both U.S. and Iranian forces

• Israel's escalation of hostilities in Lebanon further undermines situation

• AUD upswing looks fragile, pair may fade from Fri's 0.7200 high

• AU Q1 current account due Tue, Reuters poll consensus 23.0 bln deficit

• RBA officials Bullock & Kent to appear before Senate Committee Wed

• Range Asia 0.7169-875, 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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