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Jun 28 - 07:55 PM

AUD/USD - Opens Lower But Fall Cushioned By AUD/NZD Demand

By John Noonan  —  Jun 28 - 07:00 PM
  • AUD/USD opens 0.27% lower after USD broadly strengthened in safe-haven flows nL1N2YF2KQ

  • AUD fall cushioned by AUD/NZD rising 0.75% and firm commodities

  • AUD/USD was supported in Europe by China easing COVID restrictions nL1N2YF06QnL1N2YF0EP

  • AUD/USD traded at 0.6965 before completing a bearish outside day

  • It is testing bids just ahead of 0.6900 with low so far at 0.6903

  • Support is at the June 14 low at 0.6850 and trend low at 0.6829

  • Resistance is at the 10-day MA at 0.6940 and break eases downward pressure

  • Aus retail sales for May out today with market looking for +0.4% M/M

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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