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AUDUSD has stuck to a ~40 pip range since....>

AUSSIE
AUSSIE: AUDUSD has stuck to a ~40 pip range since the Sunday re-open, and has
ticked away from lows as US Tsy yields have opened lower following the long
holiday weekend to last deal at 0.7550.
- The pair's 21-DMA (0.7524) defined the latter part of last week. Bears look
for a close below the May 23 low (0.7520) to confirm a break of the 21-DMA and
below the YtD low (0.7410) to reconfirm the bearish bias. Layers of resistance
remain between 0.7620-61 with bulls needing a close above the falling trend line
($0.7661) to shift focus higher.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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