Flash: AUD/USD benefits from shift in Consumer Confidence

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that aside from USD capitulation, AUD benefited from a positive turn in the June Consumer Confidence.

Further, Ng believes that the the pair may attempt to gingerly pick its way lower as markets remain
asymmetrically sensitive to negative news flow on the global macrofundamental front. He writes, "If the 0.9400 support is taken out, a test towards 0.9280 cannot be ruled out."