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Jun 03 - 03:55 PM

AUD/USD - Data, US Dollar Contribute To Topping Pattern Completion

By Christopher Romano  —  Jun 03 - 01:46 PM
  • Rising UST yields, US$ in overnight trade sink AUD/USD, NY opens near 0.7730

  • US data indicate a robust jobs market and inflation potentially heating up

  • US rates, US$ rise further, USD/CNH pierces 6.4000, copper HGv1 falls hard

  • AUD/USD breaks below slew of tech supports, neckline of head & shoulder top

  • Pair nears 0.7640, very little pull back seen, pair near low late in the day

  • Completion of H&S implies AUD/USD can sink toward 0.7475/0.7500 nL2N2NL1PN

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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