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Jun 15 - 01:55 AM

AUD/USD - Moves Higher On Calming Markets And Hawkish RBA

By John Noonan  —  Jun 14 - 11:50 PM
  • AUD/USD opened -0.81% @ 0.6870 as weak stocks and higher US yields weighed nL1N2Y1236

  • Hawkish comments from RBA Governor Lowe early in session gave AUD a bid tone nL4N2Y13NM

  • AUD/USD given a further boost by calming equities and broad USD selling

  • It traded up to 0.6918 before settling around 0.6910

  • Position adjustments ahead of key Fed decision today dominated the flows

  • AUD/USD resistance at yesterday's 0.6970 high and 38.2 fibo at 0.7015

  • Support is at the 2022 low at 0.6829 with bids around 0.6850

  • Market positioned for a 75 BP Fed hike, so hawkish surprise unlikely

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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