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TDUX
Jul 01 - 07:55 AM

AUD/USD - US Dollar, Yield Influences Give Bears Traction

By Christopher Romano  —  Jul 01 - 06:59 AM

• AUD/USD traded 0.6921-0.6883 overnight, NY opened near 0.6895, down -0.32%

• Broad based USD buying & rally in US yields weighed on the pair

• USD/CNH rally to 6.8025, drops in gold, silver, copper & equities added weight

• AUD/USD remained with Tuesday's daily range & above the 200-DMA however

Break below those supports could lead to a deep fall for AUD/USD

• US June ADP and ISM manufacturing PMI are data risks in NY's morning
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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