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Jun 26 - 01:55 AM

AUD/USD - Steadies Above 0.6880 After Early Selling Absorbed

By John Noonan  —  Jun 26 - 12:00 AM
  • AUD/USD opened 0.26% higher @ 0.6886 - getting a lift from Wall Street gains nL1N2E22AB

  • It fell to 0.6862 when AUD/JPY flows out of Tokyo weighed on price action

  • The selling was absorbed and it was unchanged at 0.6885 into the afternoon

  • It was quiet in Asia with S&P futures flat for much of the session

  • AUD/USD buyers are tipped ahead of 0.6850 with sellers ahead of 0.6900

  • Support is at Monday's 0.6801 low and the June 15 low at 0.6777

  • Resistance is at the 21-day MA at 0.6891 and a double-top around 0.6975

  • Upward momentum is waning and AUD/USD vulerable if risk comes under pressure nL4N2E30AU










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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