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Jun 16 - 03:55 AM

AUD/USD - Succumbs To Bearish Forces As FOMC Reaction Fades

By Ewen Chew  —  Jun 16 - 01:50 AM
  • AUD/USD falls to 0.6992 after rising as high as 0.7035

  • Re-enters Bollinger downtrend channel below 0.7008

  • Bearish cue if confirmed points to test of May low 0.6829

  • Post-FOMC reactions in FX, stocks, bonds, start to fade

  • Reality of even higher US interest rates ahead sinks in

  • S&P futures turn -0.2% from +0.3%, SSEC -0.4% from +0.3%

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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