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Jun 23 - 11:55 PM

AUD/USD - Pivots Around 0.6900 In Quiet Asian Session

By John Noonan  —  Jun 23 - 11:30 PM
  • AUD/USD opened -0.42% at 0.6895 after falling commodities weighed nL1N2YA0LQ

  • The Asian session was quiet with commodities steady and equities buoyant nL1N2YB02K

  • AUD/USD traded a 0.6890/0.6912 range and is around 0.6900 into the afternoon

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • Resistance is @ the 10-day MA @ 0.6943 & break would ease downward pressure

  • Support is at the June 14 low at 0.6850 and 2022 low at 0.6829

  • Key will be moves in key commodities after recent slide

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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