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Jun 03 - 08:55 AM

AUD/USD - Fresh High Set Then Troubling Signs Emerge

By Christopher Romano  —  Jun 03 - 07:15 AM
  • AUD/USD made a 1-month high in Asia, 0.72825 hit; USD/CNH drop helps rally

  • Gains then steadily erode however as US$ bought on light profit taking

  • Drop in Australia yields AU3YT=RR, copper HGv1 help weigh down AUD/USD

  • Pair dips below 0.7245 ahead of NY open and key US May employment data

  • Daily techs flash warnings; RSI diverged, inverted hammer candle forms

  • Downbeat jobs data may temper some hawkish expectations of the Fed

  • RBA expected to hike next week, may help to keep AUD/USD dips shallow

  • For more click on FXBUZ

audusd Click here

Source:
Refinitiv IFR Research/Market Commentary

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