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Jun 02 - 07:55 PM

AUD/USD - Opens Unchanged After Whippy Outside Day

By John Noonan  —  Jun 02 - 06:23 PM
  • AUD/USD opens unchanged around 0.7750 after whipping between 0.7715/74

  • Pair fell hard early London when USD moved higher across the board

  • USD gave back gains in NY and higher oil prices helped commodity currencies

  • Technical picture mixed as potentially bearish SHS pattern may be forming

  • Resistance at 50% of 0.7891/0.7677 move at 0.7784 and 61.8 of move at 0.7809

  • Support at May 28 low at 0.7677 with buyers tipped ahead of 0.7700

  • Aus retail sales and the trade balance out today

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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