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Jun 25 - 01:55 PM

AUD/USD - US Dollar Bulls Stumble

By Christopher Romano  —  Jun 25 - 01:22 PM

• NY opened near 0.6495 after 0.6508 traded overnight, pair fell in early action

• 0.6485 traded on US dollar gains and firmer US yields

• Buyers emerged however as US$, yields softened, stocks & USD/CNH fell, gold rallied

• AUD/USD traded just above 0.6500 in NY's afternoon, pair was +0.15% late

• Techs lean bullish; RSIs are rising, pair trades above the 10- & 21-DMAs

• US weekly claims data, May durable goods data are risks in NY thursday
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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