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Jun 06 - 07:55 PM

AUD/USD - Quiet Start After Return To Familiar Ranges

By John Noonan  —  Jun 06 - 06:47 PM
  • AUD/USD gained over 1.0% Friday after tepid US non-farm payrolls nL2N2NM1PF

  • Friday's price action negated the significance of Thursday's break lower

  • AUD/USD support is at 10-day MA at 0.7732 and 100-day MA at 0.7725

  • Resistance is at the 21-day MA at 0.7751 and last week's 0.7774 high

  • Range trading likely to continue with focus on moves in key commodities

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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