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Jun 19 - 03:55 PM

AUD/USD - Early Risk-On Gains Fade

By Christopher Romano  —  Jun 19 - 01:35 PM
  • Upbeat risk lifts in overnight trade, NY open near 0.6870 nL1N2DW0FV

  • Risk boosted further on EU headlines nL1N2DW0JL, AUD/USD hits 0.69115

  • Gains fade as risk sours; stock & commodity gains erode, AUD/JPY falls

  • USD/CNH trades up near 7.0800, helps drive AUD/USD below 0.6830

  • Pair below 0.6850 late in the day as risk-off theme holds into the weekend

  • Consolidation of Mar-June rally intact but pair hemmed between 10- & 21-DMAs

  • Key support near 0.6775, break targets 0.6670/00 For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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