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Jun 21 - 10:55 PM

AUD/USD - Grinding Lower As Commodities Come Under Pressure In Asia

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

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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