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Jun 27 - 01:55 PM

AUD/USD - Firm US Assets Help Bears Keep Control

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

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