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Jun 29 - 03:55 PM

AUD/USD - Bears Gain Traction Ahead Of Key US Data

By Christopher Romano  —  Jun 29 - 02:04 PM
  • US$ broadly bid against most major ccys, yen buying sinks AUD/JPY

  • AUD/USD falls in Europe am, NY opens near 0.7535, slide extends

  • USD/CNH rally near 6.4725, copper & iron-ore drops weigh down AUD/USD

  • Pair trades down to 0.7508 before small bounce, pair near 0.7515 late

  • Techs are bearish, pair below 10 & 200-DMAs, daily & monthly RSIs falling

  • Investors await June ADP & jobs date, if upbeat more AUD/USD losses likely

  • For more click on FXBUZ



aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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