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Jun 22 - 11:55 PM

AUD/USD - Moves Below 0.6900 As Commodity Slide Continues

By John Noonan  —  Jun 22 - 11:20 PM
  • AUD/USD opened -0.72% after fall in key commodities weighed nL1N2Y90M9

  • It came under pressure in Asia as commodity slide continued

  • Dalian iron ore and Brent crude down more than 2% in Asia

  • E-mini futures are down over 0.35% to add more weight

  • AUD/USD traded as low as 0.6884 before finding a base

  • Heading into the afternoon it is trading around 0.6895

  • Support is at yesterday's 0.6881 low and June 14 low at 0.6850

  • AUD/USD trending lower and the initial target is the 2022 low at 0.6829 nL4N2YA09R

  • Resistance is at the 10-day MA at 0.6957 and break eases pressure

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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