Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 29 - 01:55 AM

AUD/USD - Flat-Lines As Better Aus Retail Sales Fails To Inspire

By John Noonan  —  Jun 28 - 11:40 PM
  • AUD/USD opened -0.27% at 0.6905 after USD broadly strengthened

  • After dipping to 0.6896 it moved higher as markets in Asia settled

  • Better than expected Aus retail sales gave a small lift and high was 0.6920 nAZN09NE1W

  • Heading into the afternoon it is unchanged around 0.6905

  • AUD/USD support is at the June 14 low at 0.6850 and 2022 low at 0.6829

  • Resistance is at the 10-day MA at 0.6940 and yesterdays 0.6965 high

  • Risk aversion has returned to the market and will likely cap AUD/USD rallies

  • Key commodities holding up for now - with Dalian iron ore rising 2% today

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!