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AUD/USD overnight lift stalls at old support, US data on tap

AUD/USD overnight lift capped at old support/now resistance near 0.7675/85 Pair slips & now flat on day, above 0.7840 eases bear pressure Long upper wick on today's candle, yield spread tighten, techs lean bearish US eco…

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  • AUD/USD overnight lift capped at old support/now resistance near 0.7675/85

  • Pair slips & now flat on day, above 0.7840 eases bear pressure 

  • Long upper wick on today's candle, yield spread tighten, techs lean bearish

  • US econ data decides if slide progresses, if upbeat May 28 low likely cleared

  • 0.7530/50 then eyed and likely tested as RBA set to meet June 2

  • Chance of cut small but easing bias likely emphasized

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560