Time to watch the AUD again

There is more to this analysis, but the chart and notations below are keeping simple.

Today, the AUD/USD needs to break that most immediate previous high of 0.6818, but I think it’ll peak and exhaust itself at 0.6805 (+/- 10bps)

Watching this currency cross along with the AUD/JPY could provide an interesting analog and correlation to ‘risk’ and a queue on the Nasdaq 100.

June 10, 2023

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au