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Jul 22 - 01:55 AM

AUD/USD - Slips In Asia As Mood Darkens And USD Recovers

By John Noonan  —  Jul 22 - 12:10 AM
  • AUD/USD opened +0.68% at 0.6936 after USD eased following ECB 50 BP hike nL1N2Z223R

  • After trading at 0.6939 the mood turned sour after weak Snap after hours report nL1N2Z22W5

  • E-minis fell and the AUD/USD tracked lower through the morning

  • EUR/USD selling also added to the bullish USD tone and weighed on AUD/USD

  • AUD/USD is trading at session lows around 0.6905 into the afternoon

  • Support is at the 21-day MA at 0.6845 with bids ahead of 0.6850

  • Resistance is at the 55-day MA at 0.6970 with sellers at 0.6950

  • Key will be mood on Wall Street after recent gains

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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