Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 14 - 10:55 PM

AUD/USD - Tracking Higher As Shorts Cover On Hawkish RBA Outlook

By John Noonan  —  Jun 14 - 09:20 PM
  • AUD/USD has rise 0.50% to 0.6905 in early Asia as shorts pare back

  • Hawkish comments this morning from RBA Governor Lowe encouraged early buying nL4N2Y13NM

  • E-minis are up 0.40% and also providing some AUD/USD support

  • Position adjustments ahead of Fed decision today seeing light USD selling

  • With market pricing in a 75 BP Fed hike, a hawkish surprise is unlikely

  • AUD/USD resistance at yesterday's 0.6970 high and break ends 5 days of lower highs

  • A break above 0.6970 targets the 38.2 of the 0.7282/0.6850 move at 0.7015

  • Support is at the 2022 low hit on May 12 at 0.6829

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!