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Consolidating Gains Above $0.66

AUD

AUD/USD prints at $0.6615/20, the pair rose ~0.2% on Thursday.

  • The AUD consolidated its post Retail Sales gains above $0.66, resistance came in ahead of $0.6640 as US Q1 GDP was revised higher.
  • Support was seen ahead of $0.66 and the AUD firmer with US Equities in the NY session.
  • Resistance comes in at $0.6663 low from June 23, support is seen at $0.6596 low from June 29.
  • Cross assets; 2 Year US Tsy Yields rose 15bps, and BBDXY rose ~0.3%. The S&P500 rose 0.4%. Iron Ore futures fell ~0.5%.
  • May Private Sector Credit crosses this morning, a rise of 0.4% M/M is expected.

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