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Jun 08 - 04:55 PM

AUD/USD - Bulls Won't Give-In

By Christopher Romano  —  Jun 08 - 02:35 PM
  • Pair opens NY near 0.6975, quick dip near 0.6960 takes hold on AUD/JPY drop

  • Buyers emerge though; US$ sold broadly, EM ccys gain & USD/CNH nears 7.0550

  • AUD/USD climbs as risk-on sentiment overcome AUD/JPY drop nL1N2DL0JW

  • Pair climbs above 0.7010 late in the session, virtually no pull back seen

  • Daily & monthly RSIs imply upside momentum intact but daily is overbought

  • January and December monthly highs are at risk of breaking

  • Fed meeting risk looms Wednesday, current policy likely to remain unchanged











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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