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DXY drifts back towards 104.00

USD
  • AUD is the best early performer against the USD in G10, up 0.56%, helped by the bounce in Equities, and overnight desk also reported some exporter demand.
  • AUDUSD has recovered 2.68% from last Thursday's low at 0.6829, which was the lowest print 22/06/20.
  • Resistance for the pair comes at 0.7054 High May 11 and key resistance.
  • The EUR remains underpinned, with higher German Yield, and market participants fading some of the two decades high in the DXY, which is drifting towards 104.00, after printing a 105.005 high last Thursday. Small resistance moves down to 1.0483 initially
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