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Jun 11 - 08:55 AM

AUD/USD - Bullish Influences Ignored

By Christopher Romano  —  Jun 11 - 07:20 AM
  • US$ weakness overnight drives AUD/USD to a 12-session high of 0.77755

  • Drop ensues despite copper HGv1, iron-oreDCIOc2, equity ESv1 gains

  • US 10-yr yield US10YT=RR drop to 1.428% doesn't prevent AUD/USD drop

  • Broad based US$ buying helps AUD/USD fall, USD/CNH rallies near 6.3900

  • AUD/USD now sits near the daily cloud twist and the 21-DMA

  • Daily inverted hammer candle forms, suggests bears still putting up a fight

  • 55-DMA, June 10 low are support, 0.7665/70 targeted if they should break

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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