AUDUSD Insight

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Key Points
- U.S. President Trump warned Iran, "I hope you don't fire missiles at civilians or U.S. troops. Our patience is wearing thin," adding, "Surrender unconditionally."
- CNN reported that U.S. President Trump could use military force to strike Iranian nuclear facilities.
- U.S. retail sales in May, announced by the U.S. Department of Commerce, decreased by 0.9% compared to the previous month, significantly lower than market expectations, raising concerns about an economic slowdown.

Major Economic Schedule This Week
+ June 18: UK May Consumer Price Index, Eurozone May Consumer Price Index, FOMC Meeting Results Announcement
+ June 19: BOE Interest Rate Decision

AUDUSD Chart Analysis
After a V-shaped rebound in April, it has shown a gentle rise and is currently trading around the 0.65000 line. It has formed support lines below, and is expected to continue its upward trend based on these support levels. Long-term, it is expected to form a peak around the 0.69000 line. However, a small resistance is forming at the 0.67000 line, so we should keep open the possibility of a temporary pullback due to this resistance in that area.
Alternatively, if it breaks below the 0.64000 line, the direction could change, in which case we will establish a new strategy.

Disclaimer

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