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TDUX
Jun 30 - 08:55 AM

AUD/USD - Bears Shy Away From The 200-DMA

By Christopher Romano  —  Jun 30 - 06:58 AM

• Broad-based USD buying in Asia drove AUD/USD down to a fresh 2-month low

• The pair neared the 200-DMA, it traded 0.6867, buyers then emerged

• USD dropped & USD/CNH fell to 6.7865, gold & silver

rallied

• AUD/USD hit 0.6887 in early NY action, the pair traded up +0.01%

• Daily techs warn shorts; RSI diverged on the low & a long legge daily doji formed

• Monthly techs remain bearish though so rallies may be limited

• US May JOLTS & June consumer confidence are data risks in NY's morning
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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