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Jun 15 - 07:55 PM

AUD/USD - Strong Recovery On Post-Fed Relief Rally

By John Noonan  —  Jun 15 - 05:55 PM
  • AUD/USD opens 1.94% higher after risk assets rally in wake of Fed 75 BP hike

  • Stock rose and US yields fell after Fed met but didn't exceed hawkish expectations nL1N2Y235EnL1N2Y2386

  • AUD/USD traded above 38.2 of 0.7282/0.6850 move at 0.7015 - to 0.7025

  • Failure to close above that level suggests weakening upside momentum

  • Key resistance @ 10-day MA @ 0.7076 as break would suggest bottom in place

  • Hourly support at 0.6918 where it fell to in wake of Fed 75 BP hike

  • Aus jobs data today, but unlikely to have impact unless there is a big miss

  • Market expects +25 K jobs and unemployment to ease to 3.8% from 3.9%

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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