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Thomson Reuters
Jun 11 - 03:48 PM
AUD/USD - Bull Tendencies Are Intact
First appeared on eFXplus on Jun 11 - 02:10 PM
  • Upbeat risk sentiment buoys emerging mkt ccys, AUD/USD lifts as well
  • 21-DSMA and daily cloud base lend support and pair lifts above the 55-DSMA
  • Techs suggest rally is due but risks loom, AU jobs report & Fed risk are due
  • Econ data impact is likely to be limited; market is more focused on the Fed
  • Fed might lean hawkish in dot plot, policy statement and projections
  • A hawkish Fed will likely sees AUD/USD trade heavy, May's low will be eyed

chart: Click here

Source:
Thomson Reuters IFR Markets

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