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Jun 24 - 01:55 PM

AUD/USD - Bulls Help Keep Gains Intact

By Christopher Romano  —  Jun 24 - 01:15 PM
  • NY opened near 0.6650 after 0.66265 traded overnight, pair fell early

  • 0.6635 neared but buyers emerged as US yields US2YT=RR, US$ softened

  • Stocks ESv1, gold HGv1 & copper HGv1 rallied; USD/CNH fell to 7.2771

  • AUD/USD rallied to 0.66675, pulled back & neared 0.6655 late, was up +0.20%

  • US yields, US$ bounces helped AUD/USD, riskier assets pull back from highs

  • Techs lean bullish; daily RSI rising, pair above 10- & 21-DMAs

  • US April CaseShiller housing, June consumer confidence are risks Tuesday

  • Remarks from Fed's Bowman, Cook may impact risk on Tuesday

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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