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Jun 21 - 02:55 AM

AUD/USD - Bears Gaining Affirmation, May Add To Shorts

By Ewen Chew  —  Jun 21 - 02:05 AM
  • AUD/USD slips to 0.6960 after deflecting off 0.6976 resistance

  • Ceiling of Bollinger downtrend channel holds again

  • Tues close below will encourage shorts to add to bets

  • Near-term target would be 0.6861 base of channel

  • USD broadly stronger as UST yields recover; 10y 3.281%

  • RBA's Lowe downplays odds of 75bps hike nL1N2Y802G

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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