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Jun 11 - 07:55 PM

AUD/USD - Poised To Move Lower As Risk Assets Crater

By John Noonan  —  Jun 11 - 05:55 PM
  • AUD/USD closed over 2% lower as equities and commodities melted lower nL1N2DO264

  • AUD was worst performing currency Thursday as it is a proxy for risk assets

  • AUD/USD closed below 10-day MA (0.6921) - ending short-term trend higher

  • Next support @ the 21-day MA @ 0.6738 with key support @ 200-day MA @ 0.6665

  • Asian equity markets likely to sink and keep the AUD/USD under pressure

  • Key will be AUD/JPY flows out of Tokyo after the cross fell 2.30%

  • Resistance at 10-day MA at 0.6921 and break would ease downward pressure










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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