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Jun 15 - 07:55 PM

AUD/USD - Opens Well Bid After Bullish Outside Day

By John Noonan  —  Jun 15 - 06:00 PM
  • AUD/USD had a bullish outside day after bouncing from 2-week low @ 0.6777

  • Reversal higher coincided with risk rally on Fed bond buying announcement nL1N2DS24I

  • AUD/USD is close to resistance at the 10-day MA at 0.6936

  • Support at 21-day MA at 0.6782 validated by Monday's price action

  • A break above 0.6940 returns pressure to the upside and 0.7000-plus levels

  • RBA minutes today and market will note comments on economy and level of AUD

  • Moves in Asian equity markets likely to determined AUD/USD sentiment










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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