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Jun 02 - 09:48 PM

AUD/USD - Eases With E-Mini S&P Into The RBA Rate Decision

By Andrew M Spencer  —  Jun 01 - 10:40 PM
  • -0.3%, as risk appetite eases, E-Mini S&P -0.6% on US protests nL1N2DE0M9

  • Positive local markets, Nikkei +0.85%, AsiaxJP +0.2% and Brent crude +0.4%

  • No RBA change at 97.5% on OIS, may comment on TWI at pre coronavirus levels

  • Charts; momentum studies, 5, 10 & 21 DMAs track north - positive setup

  • 21 day Bollinger bands a good indicator of an over stretched market

  • Upper Bollinger band at 0.6767 suggests buying dips not breaks

  • Earlier 0.6817, then 0.6879 Jan 23rd highs first resistance

  • 0.6715 NY low is initial support

aud 2 jun 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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