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Jun 30 - 03:55 PM

AUD/USD - Data, US Dollar Keep Bulls In The Pen

By Christopher Romano  —  Jun 30 - 01:42 PM
  • AUD/USD falls in Europe on Covid concerns, safe-haven buys, iron-ore drop

  • US$ bid against most majors, yen buying sinks AUD/JPY near 82.80

  • US ADP, home sales data nAQN04D0Y6 prop up the US$ further

  • AUD/USD opens NY near 0.7505, sinks to a 7-session low of 0.7493

  • Yen selling emerges, drives AUD/JPY up near 83.35, AUD/USD near 0.7515

  • US$ buying persists though, AUD/USD sinks, sits near the low late in the day

  • Techs are bearish; RSIs are falling, pair holds below the 10 & 200-DMA

  • June US ISM and jobs risks loom, if upbeat AUD/USD likely to fall further

  • For more click on FXBUZ

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Source:
Refinitiv IFR Research/Market Commentary

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