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Jul 27 - 07:55 PM

AUD/USD - Opens Higher As Broad USD Selling Accelerates

By John Noonan  —  Jul 27 - 06:45 PM
  • AUD/USD opens 0.62% higher as USD fell uniformly across the board

  • Concerns over US economy and dovish Fed expectations weigh

  • Gold spiked 2.25% to all-time highs - reflecting bearish USD sentiment

  • Broad commodity strength also underpinning AUD sentiment

  • AUD/USD trending higher and poised to test July 22 high at 0.7184

  • More resistance at series of weekly highs at 0.7200/10

  • Support at 10-day MA at 0.7076 and break indicates waning momentum

  • For more click on FXBUZ









aud/usd Click here

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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