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Jun 11 - 08:55 PM

AUD/USD - Opens Asia Under Heavy Pressure As Longs Liquidate

By John Noonan  —  Jun 11 - 06:50 PM
  • Early AUD/JPY selling has put the AUD/USD under pressure in early trading

  • AUD/JPY down over 0.50% from NY close while AUD/USD traded as low as 0.6819

  • Long AUD/USD positions are liquidating after months of strong gains

  • The first objective of the move lower is the 21-day MA at 0.6737










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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