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Jun 17 - 10:55 PM

AUD/USD - Major Support Held, Bearish Signals, Close Key

By Andrew M Spencer  —  Jun 17 - 08:35 PM

  • +0.1% - bargain hunting into the 0.75% fall Thursday, as USD shorts cover

  • No Australian data or scheduled RBA events, so risk and the USD will lead

  • Modest market moves, E-mini S&P +0.1%, Nikkei +0.2% and AsiaxJP stocks flat

  • Charts; momentum studies, 5, 10 & 21 DMAs track south - bearish setup

  • 21 day Bolli's expand, trending signal, 0.7584 lower band, so oversold here

  • 0.7553 200 daily moving average under pressure, traded above since June 2020

  • 0.7532 is the 2021 base - close below 0.7530 would be a major negative

  • NY 0.7540-0.7590 range is initial support and resistance

For more click on FXBUZ


aud jun 18 Click here

Source:
Refinitiv IFR Research/Market Commentary

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