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Jun 28 - 07:55 PM

AUD/USD - Opens Lower As USD Firms Against Risk Currencies

By John Noonan  —  Jun 28 - 06:39 PM
  • AUD/USD opens 0.32% lower, as risk currencies weakened against USD and JPY

  • Trading was generally quiet with month-end flows impacting direction

  • AUD/USD sellers 0.7600/10 capped small rally in Europe

  • Resistance is at the 38.2 of the 0.7891/0.7478 move at 0.7635

  • Buyers are tipped ahead of 0.7550 with support at double-bottom at 0.7478

  • Market not yet reacting to rise in COVID cases in Australia and lockdowns nL2N2OA00M

  • AUD may come under pressure if lockdowns impact RBA expectations nL3N2OA0PP

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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