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