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Jun 18 - 08:55 AM

AUD/USD - Investors Indecisive As Risks Are Balanced

By Christopher Romano  —  Jun 18 - 07:35 AM
  • Disappointing AU jobs nAZN0QPN00 sinks pair in Asia nL1N2DV02F

  • PBOC repo rate cut helps AUD/USD rally from 0.6839 low nL4N2DV14Y

  • 0.6900 gets pierced but rally stalls near the 10-DMA, slide ensues

  • Equities, AUD/JPY fall combine with USD/CNH bounce to weigh down AUD/USD

  • Rising copper futures price HGv1 help to slow AUD/USD's downside

  • Daily doji forms, pair hemmed between 10 & 21-DMAs, suggests indecision

  • Consolidation of March-June rally is bullish For more click on FXBUZ











aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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