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Jun 19 - 07:55 PM

AUD/USD - Steady Start After Friday's Steep Fall

By John Noonan  —  Jun 19 - 06:05 PM
  • AUD/USD off to quiet start and trading close to Friday's close around 0.6935

  • It fell 1.53% Friday as USD moved higher and key commodities slid lower nL1N2Y40I0nL1N2Y4042

  • Fears of slowing global growth will continue to be a weight on the AUD

  • AUD/USD resistance at the 10-day MA at 0.7027 and break would ease pressure

  • Support is at last week's 0.6850 low and the 2022 low at 0.6829

  • US holiday today may limit interested barring market moving news

  • Moves in Asian equity and commodity markets will likely drive price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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