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Jun 14 - 07:55 PM

AUD/USD - Edges Higher On RBA Comments After Another Steep Fall

By John Noonan  —  Jun 14 - 07:00 PM
  • AUD/USD fell 0.81% Tuesday as US yields continued to rise ahead of Fed nL1N2Y1236

  • Fears aggressive Fed will lead to recession weighing on risk assets nL1N2Y124TnL1N2Y10GE

  • AUD/USD up around 15 pips early Asia after comments from RBA Governor Lowe

  • Lowe said RBA has to be decisive as inflation much worse than previously thought nL4N2Y13NM

  • AUD/USD more linked to USD moves and global growth concerns than RBA outlook

  • Support is at the 2022 low at 0.6829 with bids around 0.6850

  • Resistance is at yesterday's 0.6970 high with sellers ahead of 0.7000

  • AUD/USD trending lwoer with the 5, 10 & 21-day MAs in a bearish alignment

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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