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Jun 08 - 10:55 PM

AUD/USD - Slips Lower After Upside Break Fails

By John Noonan  —  Jun 08 - 09:25 PM
  • AUD/USD easing below 0.7000 after hitting 11-month high at 0.7043 earlier

  • Move up was likely sparked by stop-loss buying above trend high at 0.7032

  • S&P futures down 0.30% and Nikkei down 0.80% to encourage AUD/JPY selling

  • AUD/USD support @ yesterday's 0.6962 low and break risks bearish outside day










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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