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Jun 06 - 08:55 AM

AUD/USD - US Dollar Bulls In Control Ahead Of Jobs Report

By Christopher Romano  —  Jun 06 - 07:04 AM

• AUD/USD traded 0.6517-0.6486 overnight, NY opened near 0.6495, down -0.21%

• US yields softened but US$ rallied broadly which helped AUD/USD trade lower

• USD/CNH rally above 7.1865 contributed to AUD/USD's fall

• AUD/USD dropped despite gains in AUD/JPY, gold and equities

• Techs lean bullish; monthly RSI rising, pair holds above 10-, 21- & 200-DMAs

• US May jobs report in focus; a weak jobs report could sink US yields, US$
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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