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Jun 22 - 03:55 PM

AUD/USD - Still Below The 200-DMA But Bulls Are Fighting Back

By Christopher Romano  —  Jun 22 - 02:18 PM
  • AUD/USD sinks to 0.7495 in Europe am then bounces, NY opens near 0.7510

  • Choppy trade in early NY as equities, crypto currencies & commodities fall

  • US$ buying drives some risk-off sentiment but the sentiment fades

  • US$ & US interest rates soften, Fed speakers have little impact on markets

  • US$ selling is broad, USD/CNH dips below 6.4780 late in the session

  • AUD/USD turns positive on the session, rallies above 0.7545 late in the day

  • Daily bull hammer forms but pair still below 200-DMA, June 18 high

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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