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Jun 24 - 09:55 PM

AUD/USD - Key Resistance Tested As Positive Markets Support

By Andrew M Spencer  —  Jun 24 - 08:40 PM

  • Steady after closing up 0.1% with an inside day and the USD little changed

  • Risk appetite and USD continue to lead AUD - unlikely to change short term

  • Positive markets support, E-mini S&P +0.1%, Nikkei +0.8% and AsiaxJP +0.25

  • Charts, 21 day Bollinger bands, 10 & 21 daily moving averages fall

  • Negative setup remains in play while well tested 0.7587 10 DMA holds

  • Close above 10 DMA would suggest a period of range trading next week

  • NY 0.7569 low and 0.7566 Asian base is initial support

  • 0.7587 10 DMA and this week's 0.7599 high first resistance

For more click on FXBUZ


aud jun 25 Click here

Source:
Refinitiv IFR Research/Market Commentary

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