By Christopher Romano — Jun 27 - 01:31 PM
• NY opened near 0.6535 after 0.6561 traded overnight, 0.6549 traded early, sellers emerged
• Investors seeking US assets helped to firm up the US$; US Treasuries rallied
• US income and consumer spending in May helped to drive bids for treasury securities
• USD/CNH, equity gains & gold's drop reinforced bid for US assets
• AUD/USD fell to 0.6523, sat near 0.6535 late, pair traded down -0.18% in NY's afternoon
• Daily doji & falling daily RSI are likely concerns for AUD/USD bulls
• Monthly techs remain bullish however, suggests dips may
still be
bought
audusd
(Christopher Romano is a Reuters market analyst. The views
expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters