By Christopher Romano — Jun 06 - 01:45 PM
AUD/UD rallied in Europe a.m., NY opened near 0.7215, pair then hit 0.72315
Gains eroded & pair turned -ve as US rate EDM3 gains rallied the US$
Equity ESv1 gains eroded & copper HGv1 remained negative on the session
USD/CNH rallied toward 6.6600 before pulling back slightly
AUD/USD traded to 0.7191 then lifted toward 0.7205 late in the session
Rising monthly RSI, daily doji candle highlights upside risks
RBA meeting RBAWATCH, US May CPI data are looming event & data risks
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Source:
Refinitiv IFR Research/Market Commentary