By John Noonan — Jun 21 - 09:50 PM
Key commodities are falling in Asia and putting pressure on the AUD/USD
Brent crude futures -1.6%; LME copper -0.85% and Dalian iron ore -2.70%
AUD/USD is testing yesterday's 0.6934 low with this week's low at 0.6927
Bids are tipped around 0.6900 with break targeting the June 15 low at 0.6850
Resistance is at the 10-day MA at 0.6978
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Source:
Refinitiv IFR Research/Market Commentary