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Jun 15 - 07:55 PM

AUD/USD - Underperforms As Copper Price Tumbles

By John Noonan  —  Jun 15 - 06:22 PM
  • AUD/USD opens -0.32% as 4% fall in copper weighed on commodity currencies nL2N2NX0HC

  • AUD/USD fell as low as 0.7674 before Wall Street closed off daily lows

  • Support is at the June 3 low at 0.7646 with buyers tipped ahead of 0.7650

  • Resistance is at the 10-day MA at 0.7717 and 100-day MA at 0.7727

  • Focus today will be key China data including retail sales and IP

  • Market will likely consolidate in range ahead of FOMC decision Wednesday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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