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Jun 28 - 05:00 AM
AUD/USD - This Is A Great Spot To Considering Selling AUD/USD
First appeared on eFXplus on Jun 28 - 02:50 AM
  • AUD/USD now elevated in anticipation of a positive outcome from G20
  • AUD/USD up 2.6% in last 8 days nears strong resistance levels
  • Today's range 0.6999-0.7015. 50% drop from Apr 0.7206 high is 0.7019
  • 100-DMA and daily Ichimoku cloud top are both 0.7036
  • Expect 0.7050 barrier defence. 0.7050 last traded start May
  • Key high @ 0.7048 on May 7. Pair dropped 2.6% in 8 days after
  • Strong AUD, offset cuts, irk RBA that's just embarked on an easing cycle

AUDUSD daily Click here

Source:
Refinitiv IFR Research/Market Commentary

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