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Jun 06 - 07:55 PM

AUD/USD - Opens Slightly Lower As US Yields Rise - Focus On RBA

By John Noonan  —  Jun 06 - 07:00 PM
  • AUD/USD opens -0.19% after rise in US yield supported USD nL1N2XT1QEnL1N2XT28W

  • Support at the 10-day MA at 0.7175 and close below adds to downward pressure

  • Bids are tipped around 0.7150 with more support at 38.2 fibo at 0.7109

  • Resistance is at the 200-day MA at 0.7257 and last week's 0.7282 high

  • AUD/USD will likely consolidate ahead of RBA decision later today

  • RBA expected to hike but there is a spilt between a 25 BP or 40 BP hike

  • If 25 BPs, the AUD will likely ease in a knee-jerk reaction

  • A 40 BP 0r 50 BP hike would likely see the AUD/USD move higher

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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