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Jun 25 - 01:55 AM

AUD/USD - Bids Around 0.6850 Hold Is Risk-Off Session

By John Noonan  —  Jun 24 - 11:35 PM
  • AUD/USD opened 0.89% lower at 0.6869 after Wall Street selloff nL1N2E12KI

  • S&P futures and Asian shares fell and put pressure on the AUD/USD nL4N2E20F4

  • AUD/USD fell to 0.6851 before bids at 0.6850 discouraged attempts lower

  • The pair was trading around 0.6863 heading into the afternoon session

  • Resistance is at 0.6880 where the 10 & 21-day MAs converge

  • A break below 0.6850 targets Monday's low at 0.6801

  • AUD/USD likely to remain pressured while cronanvirus concerns escalate










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Source:
Refinitiv IFR Research/Market Commentary

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