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Thomson Reuters
Jun 06 - 08:36 PM
AUD/USD - Range Trading Expected Ahead Of US Payrolls
First appeared on eFXplus on Jun 06 - 06:40 PM
  • Barring any news on US/Mexico trade talks, AUD/USD likely to be contained
  • Pair opens marginally higher after EUR/USD led USD broadly lower post-ECB
  • Buoyant mood on Wall Street and higher commodities helping to underpin
  • Hopes US will delay Mexico tariffs is USD-supportive and caps AUD/USD
  • AUD/USD resistance at 0.7000/10 where sellers are tipped
  • Support at 0.6955/65 where bids have held on dips the past three days
  • Aus Housing Finance out today, but it won't move AUD/USD ahead of US NFPs

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