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Jun 08 - 07:55 PM

AUD/USD - Key Resistance Loom As Trend Higher Continues

By John Noonan  —  Jun 08 - 05:55 PM
  • AUD/USD opens 0.70% higher as risk rally persists and USD broadly eases nL1N2DL1II

  • AUD/USD traded as high as 0.7030 ahead of Dec 31 trend high at 0.7032

  • A clear break above 0.7035 targets the 61.8 of 0.8136/0.5510 move at 0.7132

  • AUD/USD clearly tending higher while 10-day MA (0.6850 today) holds on dips

  • NAB Business survey for May out today and should improve from April









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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