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Jun 09 - 02:55 AM

AUD/USD - Slips From 11-Month High In Sign Of Exhaustion

By Krishna K  —  Jun 09 - 02:15 AM
  • AUD/USD -0.45% on p/taking after rising to 11-month high of 0.7043 in Asia

  • Traders turn cautious as Fed starts 2-day meeting on interest rates Tuesday

  • Fed reaction to last Fri stunning U.S. jobs data keenly awaited nL1N2DK062

  • AUD/JPY pares gains after a near one-way rise of 6.85% in June

  • Downside limited as markets price in optimistic outlook for global recovery

  • Support 0.6950-60, 0.6930, 0.6880; resistance 0.7030-40, 0.7082 July 2019 hi



AUD JPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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