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Jun 21 - 07:55 PM

AUD/USD - Opens Higher As Risk Rally And AUD/JPY Buying Supports

By John Noonan  —  Jun 21 - 06:40 PM
  • AUD/USD opens +0.24% after equities and key commodities rallied nL1N2Y8279nL1N2Y8279

  • AUD/JPY buying underpinned with the cross soaring 1.4% higher

  • AUD/USD poised below 10-day MA (0.6982) which has capped since June 9

  • Sellers tipped ahead of 0.7000, but a break above would spur fresh buying

  • Support at Tuesday's 0.6934 low, as break would end 4 days of higher lows

  • Key in Asia will be Tokyo AUD/JPY flows and moves in Asian equities

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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