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Jul 04 - 11:55 PM

AUD/USD - Recovers From Early Dip In Quiet Asian Session

By John Noonan  —  Jul 04 - 11:27 PM
  • AUD/USD oepned 0.7526 after completing a bullish outside day on Friday

  • USD struck a firm tone early and the AUD/USD dipped to 0.7509 at one stage

  • Buyers ahead of 0.7500 were noted and the AUD/USD drifted back to 0.7520/25

  • There was no reaction to Aus data nAZN0N0900 today as market awaits RBA decision nL3N2OH0KL

  • AUD/USD resistance is at the 10-day MA at 0.7539 and 200-day MA at 0.7570

  • Buyers are tipped ahead of 0.7500 and 0.7475 with support at 0.7445

  • US holiday today and RBA decision tomorrow should limit price action

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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