Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 10 - 08:55 PM

AUD/USD - Regains Poise After Support Holds; EUR/AUD Under Pressure

By Krishna K  —  Jun 10 - 07:45 PM
  • AUD/USD may stay supported after rallying 0.4% Monday on bargain hunting

  • Dip buyers step in after 1.25% Fri fall on deflated Fed rate cut optimism

  • Higher-for-longer RBA rate stance will continue to limit AUD decline

  • Supported by EUR/AUD demand as Europe political uncertainty undermines EUR

  • 0.6580-0.6630 range likely ahead of key risk events this week

  • Fed rate decision and U.S. CPI Wed, Australia employment data Thursday

  • Support at 0.6580, 38.2% Fibo of April-May rally, break opens 0.6558, 0.6538

  • Previous lows at 25-30 now resistance, break opens 0.6645-50

  • Monday range 0.6576-0.66105

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!