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Jun 30 - 07:55 PM

AUD/USD - Opens Higher As Soft USD Trumps Fall In Risk Assets

By John Noonan  —  Jun 30 - 07:15 PM
  • AUD/USD opens +0.33% despite fall on Wall Street and commodity slide nL1N2YH30ZnL1N2YH04I

  • Lower US yields resulting from sluggish US data weighed on USD

  • AUD proving resilient despite rising concerns the global economy is slowing

  • Support at June 14 low at 0.6850 validated by yesterday's bounce off 0.6853

  • Resistance is at the 10-day MA at 0.6920 and break increases upward pressure

  • Weakening global growth fears should eventually weigh on AUD sentiment

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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