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Jun 10 - 11:55 PM

AUD/USD - Under Pressure As Equities Slump In Asia

By John Noonan  —  Jun 10 - 11:15 PM
  • AUD/USD trading below 0.6965 after opening at 0.6999

  • It is a risk-off session in Asia with S&P futures -0.6% and AXJ index -0.5%

  • Move below hourly support at 0.6980 targets Wednesday's 0.6933 low

  • Key support at 10-day MA at 0.6914 and break would suggest top is in place

  • AUD/USD vulnerable after shorts were stopped out above 0.7050 after FOMC

  • A break back above 0.7015 would ease downward pressure and support up-trend










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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