By John Noonan — Jun 23 - 06:55 PM
AUD/USD opens -0.40% after global growth fears sent keyy commodities lower nL1N2YA0LQnL1N2YA023
Move lower cushioned by Wall Street rally and easing US yields nL1N2YA2RM
AUD/USD trending lower with 5, 10 & 21-day MAs in a bearish alignment
Resistance is at the 10-day MA at 0.6943 and break would ease pressure
Support is at the June 14 low at 0.6850 and 2022 low at 0.6829
Key in Asia will be Tokyo AUD/JPY flows after the cross fell 1.43%
Moves in Asian equities and commodities will also impact price action
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary