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TDUX
Jun 29 - 03:55 PM

AUD/USD - Balanced Risks Helps Keep The Range Tight

By Christopher Romano  —  Jun 29 - 01:56 PM

• NY opened near 0.6900 after 0.6904 traded overnight, the pair fell early NY

• Rising USD, US yields & gold, silver, copper drops weighed on the pair

• 0.6878 traded but buyers emerged as USD/CNH sank & AUD/JPY lifted off its low

• Equity rally & some USD selling helped AUD/USD near 0.6890 late in the day

• The pair traded down -0.03% in NY's afternoon and a daily doji candle formed

• Techs lean bearish though; RSIs are falling, pair consolidating recent drop
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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