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Jun 25 - 08:36 PM
AUD/USD - Opens Asia Unchanged As Factors Offset
First appeared on eFXplus on Jun 25 - 06:30 PM
  • AUD/USD unchanged after holding below 55-day MA (0.6984) - as factors offset
  • Fed speakers Bullard and Powell less dovish than expected helped USD recover
  • Wall Street closed lower and EM ETF (EEM) fell 1% - while copper rose 0.93%
  • Resistance at 55-day MA at 0.6984 and break targets 0.7025
  • Support at 21-day MA at 0.6836 and break eases the upward pressure
  • No Aus data but RBNZ decision (no change expected) may impact AUD/NZD

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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