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Jun 17 - 08:36 AM
AUD/USD - Close To 23-Week Low Amid King Dollar Flow
First appeared on eFXplus on Jun 17 - 06:20 AM
  • AUD/USD is trading in close proximity to 0.6862 ahead of the NY open
  • 0.6862 = Friday's 23-week low after strong US retail sales data
  • Stops may be sheltering sub-0.6860/50: 0.6852 = 76.4% Fibo of 0.6715-0.7295
  • Mooted offers at 0.69 are an appreciation obstacle beyond 0.6884 (Asia high)
  • This week's key event risk is the Fed monetary policy announcement Wednesday
  • See: . Next RBA meeting July 2: rate cut now seen as 50/50 bet

AUDUSD: Click here

Source:
Refinitiv IFR Research/Market Commentary

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