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Jul 03 - 02:55 AM

AUD/USD - Poised For Rally As Positives Pile Up

By Krishna K  —  Jul 03 - 01:30 AM
  • AUD/USD trades in well supported but narrow 0.6914-0.6932 range in Asia Fri

  • Bolstered by rally in metals, commodities & stocks; ASX 200 +2.2% this week

  • Australia May retail sales see record surge as economy reopensnL4N2EA0HF

  • Robust U.S. jobs data, stellar Caixin China services PMI boost risk mood

  • U.S. holiday dampens trading activity but rally likely to resume next week

  • Global surge in new virus cases taken in stride; U.S. at recordnL1N2E92RJ

  • Resistance 0.6950-55, 0.6974-77, support 0.6900-05, 0.6875-80

  • For more click on FXBUZ


aud 2 jul 3: Click here

Source:
Refinitiv IFR Research/Market Commentary

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