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Jun 08 - 11:55 PM

AUD/USD - Pressured As China Concerns Starting To Weigh Again

By John Noonan  —  Jun 08 - 09:55 PM
  • AUD/USD pressured by reports of fresh Covid lockdown in Shanghai district nL1N2XW019

  • Reaction in other markets muted with SSEC down only 0.12% and CNH steady

  • AUD/USD edging below 0.7170 and at session lows

  • Support is at the post-RBA decision low at 0.7156 where bids are tipped

  • A break of 0.7150 targets 0.7105/10 where a 38.2 fibo & 21-day MA converge

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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