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Derived real-time data in partnership with:
Thomson Reuters
Jun 14 - 03:48 PM
AUD/USD - Slide From June's High Likely To Extend
First appeared on eFXplus on Jun 14 - 02:30 PM
  • Above f/c US sales data, slightly hawkish Fed & soft AU jobs weigh AUD/USD
  • Rally off May low ends after 21-DSMA caps & trend line off May's low breaks
  • Pair hits new s-t low and little bounce seen, RSIs give bears a tailwind
  • Test of May's low now is likely as Fed and RBA rate paths still diverge
  • A break of May's low likely means next leg of bear market takes hold
  • 0.7330 and 0.7150/00 supports are then targeted

chart: Click here

Source:
Thomson Reuters IFR Markets

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