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Jul 01 - 01:55 AM

AUD/USD - Gives Back Early Gains As Risk Rally Stalls

By John Noonan  —  Jun 30 - 11:55 PM
  • AUD/USD opened at 0.6904 and after an early dip to 0.6894 it broke higher

  • AUD/JPY buying out of Tokyo helped lift the AUD/USD to 0.6917

  • The run higher ran out of puff when AXJ equities gave back some early gains

  • The break above the upper end of the pennant at 0.6910 is bullish nL4N2E80GQ

  • The key for more upside is for risk assets to remain resilient

  • A break below the 10-day MA at 0.6882 would warn of fading momentum

  • Support is found at the base of the pennant at 0.6835

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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