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Jun 25 - 02:55 AM

AUD/USD - Fails To Bounce; Virus Cases In Australia On The Up

By Krishna K  —  Jun 25 - 02:05 AM
  • AUD/USD offered into Europe as risk mood deteriorates in Asia; E-Mini -0.35%

  • Virus resurgence fears, fading hopes for quick economic recovery dampen mood

  • Australia posts biggest one-day rise in virus cases in 2 monthsnL4N2E20E5

  • Country can confidently respond to new virus outbreaks -MorrisonnS9N2D0006

  • Holiday in China, Hong Kong and Taiwan dampens trading activity

  • Support 0.6845-50, 0.6800-10; resistance 0.6895-0.6900, 0.6920-25

  • Daily close below 21-DMA at 0.6880 short-term bearish


Source:
Refinitiv IFR Research/Market Commentary

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