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TDUX
Jun 08 - 03:55 PM

AUD/USD - Bulls Struggled To Hold Onto Gains

By Christopher Romano  —  Jun 08 - 01:36 PM

• NY opened near 0.7055 after 0.7016 traded overnight, rally extended in early NY

• USD, US yields , oil sank on report Iran, Israel halt strikes

• Gold , silver equities moved upward on the report

• AUD/USD hit 0.7078 then began sliding as the USD & US yields firmed up

• USD/CNH rally away from the 6.7800 area also helped AUD/USD move downward

• The pair dipped below 0.7050, AUD/USD traded up only +0.07% in NY's afternoon

• Daily RSI diverge don today's low, daily doji formed; those give bulls some comfort
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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