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Jul 04 - 10:55 PM

AUD/USD - Tests Resistance At 0.6894 As Mood In Asia Is Buoyant

By John Noonan  —  Jul 04 - 09:50 PM
  • AUD/USD traded to the 10-day MA at 0.6894, as risk assets buoyant in Asia

  • E-minis are up 0.4% while the AXJ index is +0.95% and Nikkei is +1.1%

  • A break above 0.6900 in the AUD/USD targets 0.6960/65

  • The 21-day MA is at 0.6962 and the June 28 high is at 0.6965

  • The RBA decision is at 04:30 GMT and the market is expecting a 50 BP hike

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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