Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 20 - 07:55 PM

AUD/USD - Bid In Early Asia But Upside Likely Limited

By John Noonan  —  Jun 20 - 06:21 PM
  • AUD/USD trading above 0.7490 in early Asia after closing Friday at 0.7478

  • AUD/USD fell nearly 1.0% on Friday and was down nearly 3% for the week

  • Risk-off mood and diverging RBA/Fed expectations pressured AUD/USD last week

  • AUD/USD likely to remain heavy as risk assets correct on hawkish Fed shift

  • Resistance is at the 200-day MA at 0.7553 and break would ease pressure

  • The target of the AUD/USD trend lower is the 38.2 of 0.6990/0.8007 at 0.7378

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!