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Jun 14 - 03:55 PM

AUD/USD - Overnight Gains Erode On Rates, Stocks, Commodities

By Christopher Romano  —  Jun 14 - 02:03 PM
  • Despite USD/CNH rally near 6.4200 AUD/USD lifts in overnight trade

  • NY opens near 0.7720, lift extends, 55-DMA gets pierced, 0.7726 trades

  • Gains erode as stocks & copper fall while UST yields rise, eurdollars fall

  • AUD/USD sinks to 0.7710 and nears flat on the session late in the day

  • Techs lean bearish, pair below daily cloud & many DMAs, monthly RSI falls

  • Fed meeting risk looms, tight ranges likely to hold until then

  • For more click on FXBUZ

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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