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Jun 29 - 07:55 PM

AUD/USD - Financial Year-End Rebalancing Flows May Impact

By Andrew Spencer  —  Jun 29 - 07:01 PM

• Steady after closing down 0.2% with the USD off 0.1% and modest FX moves

• Private sector credit leads the low-key month-end Australian data schedule

• China PMIs are the major Asian data release and could impact risk appetite

• Financial year end, so there could be late institutional rebalancing flows

• Trade risks to keep shrinking Australia's resources earnings, report says

• Charts, 5, 10 & 21-day moving averages climb, 21-day Bolli bands contract

• Daily momentum studies conflict - positive signals below the 2025 highs

• Thursday's 0.6507 low then Tuesday's 0.6456 base are initial supports

• Last week's 0.6564 2025 trend high and 0.6687 Nov 2024 top first resistance
Andy


(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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