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Jun 18 - 03:55 PM

AUD/USD - Bulls Hold The High Ground After Fed Announcement

By Christopher Romano  —  Jun 18 - 02:37 PM

(Corrects typo in headline)

• NY opened near 0.6500 after 0.6470 traded overnight, pair neared 0.6485 early

• Buyers emerged as US$ &US yields traded softly, 0.6524 traded

• US$ firmed however, AUD/USD slid, pair sat near 0.6515 into the Fed decision

• Pair swung wildly after the Fed, hit 0.6537, neared 0.6510 then rallied toward 0.6530

• AUD/USD traded up +0.81% at the early stages of Powell's presser

• Techs leaned bullish; RSIs are rising & pair traded above the 10- & 21-DMAs
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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