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Jun 24 - 03:55 PM

AUD/USD - Soured Risk Dents The Rally

By Christopher Romano  —  Jun 24 - 01:35 PM
  • Potential trade tensions induces risk-off, NY opens near 0.6925 nL1N2E10LN

  • Equities, bond yields, commodities & AUD/JPY trade lower; USD/CNH rallies

  • Soured risk sentiment sinks AUD/USD, 10 & 21-DMAs pierced, 0.6864 trades

  • Pair near day's low late and daily RSI implies s-t bear momentum exists

  • Consolidation of March-June gains persists though & is a bullish sign

  • 0.6775/80 support is key for AUD/USD bulls For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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