1 Trade to Make Now as the Australian Dollar Hits a New Contract High

Group 1 - The June Australian dollar futures are showing a bullish trend, having recently reached a contract high, indicating a strong near-term technical advantage for buyers [1][2] - Australia's favorable trading relationship with the U.S. and its economy driven by raw commodity exports are contributing positively to the Australian dollar's strength [2] - A breakout above the contract high resistance level of 0.7177 in June Australian dollar futures would present a buying opportunity, with a target price objective of 0.7550 or higher [2] Group 2 - Technical support for the Australian dollar futures is identified at 0.7000, where protective sell stops can be placed [2]