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Jun 21 - 04:55 PM

AUD/USD - Overnight Slide Extended

By Christopher Romano  —  Jun 21 - 01:35 PM
  • NY opened near 0.6655, AUD/USD neared 0.6670 early but sellers emerged

  • Above estimate June S&P Global PMIs drove yields US2YT=RR, US$ upward

  • USD/CNH neared 7.2920 while commodities HGv1, XAU= traded down

  • AUD/USD fell and pierced the 10- & 21-DMAs, 0.66315 traded

  • Light US$ selling lifted AUD/USD above 0.6640, pair was down -0.23% late

  • Techs are mixed; daily RSI falling but pair above 55-DMA, daily cloud top

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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