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Jun 09 - 08:55 AM

AUD/USD - On Familiar Turf Despite U.S. Rate Moves

By Christopher Romano  —  Jun 09 - 07:32 AM
  • AUD/USD lingers near 10-, 21-DMAs & daily cloud top, up small on the day

  • US$ sold as US 10-yr yield US10YT=RR sinks, eurodollars EDZ2 rally

  • USD/CNH slides away from 6.4000, nears 6.3860 into NY's open

  • AUD/USD bulls remain timid despite factors that are normally bullish

  • Investors await US May CPI, ECB inflation projections risks before acting

  • Rising daily RSI, monthly long legged doji give techs a bullish lean

  • 0.7770/75, 0.7815/20 are impediments, break of latter puts May high in play

  • For more click on FXBUZ


aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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