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Jun 22 - 08:55 AM

AUD/USD - Commodities, RBA Worries Help Prolong Consolidation

By Christopher Romano  —  Jun 22 - 07:29 AM
  • AUD/USD falls away from 200-DMA overnight, 0.7546 high set then pair drops

  • AFR article says RBA won't be in a rush to tighten Click here

  • Iron-ore hits a 15-session low, copper erases some overnight gains

  • US$ vs the major currencies and most emerging market currencies

  • AUD/USD drops to 0.7495 before bouncing, pair still down -0.34% in early NY

  • Pair consolidating recent drop, is a healthy development for trends

  • Falling daily, monthly RSIs & hold below 200-DMA are bearish tech signals

  • Slew of Fed speakers, Powell testimony to US House of Representatives is key

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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