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Jun 17 - 08:36 PM
AUD/USD - Opens Under Pressure Ahead Of RBA Minutes
First appeared on eFXplus on Jun 17 - 06:35 PM
  • AUD/USD eased 0.28% Monday and close below support at 0.6860/70
  • Sentiment bearish due to dovish RBA expectations and global growth concerns
  • US-China trade war uncertainty feeding concerns regarding growth and demand
  • RBA Minutes today sill provide detail on reason for cut earlier this month
  • Minutes unlikely to shift dovish RBA expectations with an Aug cut priced in
  • AUD/USD bids around 0.6850, but little support ahead of 0.6715 low in Jan
  • Resistance at Monday's 0.6884 high as break would end 6 days of lower highs

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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