By John Noonan — Jul 07 - 12:10 AM
AUD/USD opened -0.25% at 0.6783 after USD broadly rose with higher US yields
It fell to 0.6764 early Asia before bids ahead of 0.6758 support held again
Late morning AUD/USD broke above 0.6800 when equities commodities rallied
Lon copper bounced over 3.0% and Dalian iron ore surged nearly 5.0%
AUD/USD traded to 0.6820 and is near the highs into the afternoon
AUD/USD resistance is at the 10-day MA at 0.6864 and break eases pressure
Support @ 50% of the 0.5510/0.8007 move @ 0.6758 and it is proving stubborn
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Source:
Refinitiv IFR Research/Market Commentary