By John Noonan — Jun 30 - 07:15 PM
AUD/USD opens +0.33% despite fall on Wall Street and commodity slide nL1N2YH30ZnL1N2YH04I
Lower US yields resulting from sluggish US data weighed on USD
AUD proving resilient despite rising concerns the global economy is slowing
Support at June 14 low at 0.6850 validated by yesterday's bounce off 0.6853
Resistance is at the 10-day MA at 0.6920 and break increases upward pressure
Weakening global growth fears should eventually weigh on AUD sentiment
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Source:
Refinitiv IFR Research/Market Commentary