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Jun 20 - 07:55 PM

AUD/USD - Opens Higher As Equity And Commodity Markets Calm

By John Noonan  —  Jun 20 - 06:35 PM
  • AUD/USD opens +0.26% at 0.6954 after trading as high as 0.6996

  • USD was under pressure early Europe before recovering late in session nL1N2Y713X

  • Equity markets buoyant with FTSE, FTEuro 100 and E-Minis rising 1.0%-plus

  • AUD/USD rally ran into selling just ahead of 0.7000

  • Resistance @ the 10-day MA @ 0.7002 and break would suggest bottom forming

  • Support is at yesterday's 0.6927 low and last week's 0.6850 low

  • RBA Governor Lowe speaks today before minutes of the RBA June meeting

  • Both the speech and the RBA minutes are likely to be hawkish

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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