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Jun 07 - 07:55 PM

AUD/USD - Opens Higher As USD Weakness Extends Into New Week

By John Noonan  —  Jun 07 - 06:21 PM
  • AUD/USD opens 0.18% higher, as the USD fell across the board on Monday

  • No fresh catalyst weighing on USD as weaker US jobs continued to resonate

  • Wall Street mixed and US Treasury yields firmed slightly, but no help to USD

  • AUD/USD closed above the 21-day MA (0.7748) to shift pressure to the upside

  • Resistance is at the 61.8 of the 0.7891/0.7646 move at 0.7797

  • Support is at the 10-day MA at 0.7734 and break would ease upward pressure

  • NAB business survey out today, but unlikely to change RBA expectations

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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