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Jun 23 - 08:55 PM

AUD/USD - Opens Higher But Well Off The Daily Peak

By John Noonan  —  Jun 23 - 06:35 PM
  • AUD/USD traded as high as 0.6974 before easing through the US afternoon

  • It still managed a 0.33% gain for he day, as risk assets remain bid on dips nL1N2E021A

  • Resistance at the June 16 high at 0.6977 validated by Tuesday's price action

  • Strong support at 0.6870/85 where the 10 and 21-day moving averages converge

  • AUD/USD correlated to S&P futures and they will guide the price action










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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