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Jun 18 - 07:55 PM

AUD/USD - Soft Tone Persists On Subdued Risk Sentiment

By Krishna K  —  Jun 18 - 06:20 PM
  • AUD/USD opens 0.45% lower on concerns about rise in new virus cases globally

  • Dented by gloomy AU jobs data, higher than expected U.S. unemployment claims

  • Simmering U.S.-China tensions weigh; Trump renews threat to cut China ties

  • China not forthcoming in Hawaii talks-U.S. diplomatnL1N2DV2N2nL1N2DV2H8

  • 0.6800-0.7000 range trading to persist as traders await fresh catalysts

  • Support 0.6825-35, 0.6795-0.6800, 0.6775-80; resistance 0.6870-75, 0.6900-05


Source:
Refinitiv IFR Research/Market Commentary

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