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Jun 24 - 08:55 AM

AUD/USD - Range Is Tight But Longs Put Up A Fight

By Christopher Romano  —  Jun 24 - 07:25 AM
  • AUD/USD drifts upward overnight, 0.6889 low set, NY opens near 0.6910

  • Lift aided by equity ESv1, copper HGv1, iron-ore DCIOc2 gains

  • USD/CNH drop below 6.6875 overnight also helps prop up AUD/USD

  • AUD/USD gains limited to 0.6919 as US ratesEDZ2US2YT=RR gain

  • Techs lean bearish; monthly RSI falling, 10-DMA exerts bear influence

  • Comments from San Fran President Daly is a risk in NY's afternoon

  • June U. Of Mich., May New Home sales are data risks in NY

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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