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Jun 26 - 10:55 PM

AUD/USD - Remains Pressured Despite Buoyant Equities And Commodities

By John Noonan  —  Jun 26 - 10:20 PM
  • Asia is in risk-on mode, but fall in the AUD/JPY in Asia doesn't reflect it

  • AXJ index is +1.56% while Lon Copper is +1.15% and Dalian iron ore is +3.7%

  • Despite the gains the AUD/JPY is down 0.75% and AUD/USD is below 0.6920

  • The move lower in AUD/JPY is flow driven with Tokyo buying JPY for the fix

  • AUD/USD buyers tipped ahead of 0.6900 with low so far at 0.6906

  • Resistance is at the 10-day MA at 0.6946 and earlier high at 0.6957

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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