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Jun 27 - 07:55 PM

AUD/USD - Opens Lower As Higher US Yields And Sluggish Stocks Weigh

By John Noonan  —  Jun 27 - 06:50 PM
  • AUD/USD opens -0.24% after a choppy US session

  • Wall Street slipped after last week's gains and US yields rose

  • Those factors along with mixed month and quarter-end flows weighed

  • AUD/USD resistance is at the 10-day MA at 0.6952 and double top at 0.6955/60

  • A clear break above 0.6960 would shift pressure to the upside

  • Bids are tipped ahead of 0.6900 with support at June 14 low at 0.6850

  • AUD/JPY flows along with equities and commodities to drive direction

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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