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Jun 17 - 08:55 AM

AUD/USD - Upbeat Risk, Geopolitical Tensions Drive Indecision

By Christopher Romano  —  Jun 17 - 08:05 AM
  • Buoyant equities, copper & AUD/JPY suggest upbeat risk sentiment

  • India/China, NorKo/SoKo tensions present geopolitical risks

  • AUD/USD +ve but only slightly as investors ponder the current risks

  • Daily doji candle in place, suggests investors are indecisive for now

  • Pair below the 10-DMA but consolidation of March-June rally persists

  • Consolidation should resolve with a break to new trend highs

  • Key support near 0.6775, if breaks correction in rally likely deepens











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Source:
Refinitiv IFR Research/Market Commentary

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