Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 23 - 07:55 PM

AUD/USD - Opens Lower As Commodity Slide Continues

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!