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Thomson Reuters
Jun 12 - 02:36 AM
AUD/USD - Trades With Sluggish Tone In Cautious Asia
First appeared on eFXplus on Jun 11 - 11:10 PM
  • Most Asian equity markets modestly lower and impacting on AUD sentiment
  • Buyer fatigue after run higher & China-US trade uncertainty weighs
  • AUD/USD traded in a 0.6950/63 range and near lows into the afternoon
  • Support at 21-day MA at 0.6932 and break would increase downward pressure
  • Sellers tipped ahead of 0.6975 with resistance formed at 0.7000/25
  • Market will pay close attention to news on US-China trade and US CPI

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Thomson Reuters IFR Markets


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