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Jun 15 - 01:55 AM

AUD/USD - Steadies Around 0.7700 After Dovish RBA Minutes

By John Noonan  —  Jun 14 - 11:35 PM
  • AUD/USD opened 0.06% higher at 0.7712 after strong rise in AUD/JPY

  • It traded to 0.7716 early and was just above 0.7710 before the RBA minutes

  • RBA said it was too early to cease bond buying nRUAFHEHAX

  • Tone of minutes was dovish and AUD/USD eased to 0.7696

  • Buyers between 0.7685/95 underpinned and it settled around 0.7700

  • Resistance is at 0.7725/30 where the 10 and 100-day MAs converge

  • Support si at the June 3 low at 0.7646 with buyers 0.7685/95

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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