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Jun 16 - 05:00 PM
AUD/USD - Risks Break Down From Consolidation Range
First appeared on eFXplus on Jun 16 - 03:05 PM
  • AUD/USD threatens break lower from month long 0.6850-0.7000 consolidation
  • Weighed down by expectations of larger and earlier RBA rate cuts
  • Undermined by robust U.S. retail sales, Fed rate cut expectations pared back
  • Lackluster China data Fri, acrimonious U.S-China ties take toll
  • Australian treasurer hints at fiscal easing -newspaper nL4N23L2O7
  • Support 0.6865 triple low, 0.6852, 76.4% of Jan rally; resistance 0.6900-05

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