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Jun 06 - 03:55 PM

AUD/USD - Bears Take Their Lead From US Rates, Dollar

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

  • For more click on FXBUZ


audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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