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Jun 22 - 07:55 PM

AUD/USD - Opens Higher As Risk Asset Rally Squeezes Shorts

By John Noonan  —  Jun 22 - 06:30 PM
  • AUD/USD opens over 1.0% higher and above 0.6909 after risk-on session

  • Wall Street, key commodities and EM assets all moved higher on Monday

  • Reasons for risk rally elusive, but stimulus hopes seems to underpin nL1N2DV1X8

  • AUD/USD closed above 10-day MA @ 0.6890 next resistance at 0.6977

  • The 10-day MA now support and more at the 21-day MA at 0.6857

  • AUD/JPY flows out of Tokyo and reaction in Asian equities key for direction










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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