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Jun 25 - 10:55 PM

AUD/USD - Briefly Falls As Longs Pare After Lack Of Upside

By John Noonan  —  Jun 25 - 09:00 PM
  • AUD/USD eased to 0.6862 earlier as tired longs pare back

  • There wasn't any news or negative factors behind the early weakness

  • Inability for AUD/USD to move up on Wall Street surge frustrating longs

  • AUD/USD back to 0.6875 after selling flow was absorbed

  • Support at yesterday's 0.6848 low with buyers tipped ahead of 0.6800

  • Resistance now at 10-day MA at 0.6882 and 21-day MA at 0.6891













aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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