AUD Daily Review for June 6, 2018
|The Australian Dollar still looks to be locked in a down trend against its US counterpart after an attempted breakout fizzled out.|
|Asian stocks meandered higher for the most part although the Shanghai Composite lagged. Trade worries continue to take some of the shine off this asset|
|Today, we looked over a couple of specific USD pairs and highlighted Yen cross-rates at pivotal levels, along with a review of the technical structure|
|The Yen is falling and the Australian Dollar is up amid a broad-based recovery in risk appetite across markets. Trade war fears may yet spoil|
|AUD/USD may continue to retrace the decline from the April-high (0.7813) as it appears to be on course to threaten the downward trend from earlier|
|US AM Digest: EUR up on ECB Taper Talk, AUD Lifted by Firm GDP|
Have a nice trading!