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TDUX
Jul 01 - 03:55 PM

AUD/USD - Bears Cede Some Ground On Warsh Comments

By Christopher Romano  —  Jul 01 - 01:49 PM

• NY opened near 0.6900 after 0.6883 traded overnight, the pair fell in early trading

• 0.6885 traded on the back of USD buying & US yields

gains

• Buyers emerged however as USD, US yield softened & gold, silver, equities moved up

• Fed Chair Warsh's comment on inflation helped to buoy riskier assets

• AUD/USD hit 0.6921 then pulled back, neared 0.6900 late, traded down -0.27%

• Falling RSIs, pair's hold below the falling 10- & 21-DMAs are bearish tech signals

• US June payroll report tomorrow is now in focus for investors
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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