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Jul 07 - 01:55 AM

AUD/USD - Bulls Lick Their Wounds In Quiet Asian Session

By John Noonan  —  Jul 06 - 11:43 PM
  • AUD/USD opened 0.41% lower at 0.7494 after bearish outside day

  • The pair could only manage a 0.7484/98 range in Asia as volatility calmed

  • Market side-lined ahead of Fed minutes later today nL3N2OJ0LL

  • Support is at Friday's 0.7445 low and break targets 61.8 fibo at 0.7378

  • Resistance is at the 10-day MA at 0.7525 and close above eases pressure

  • Key later today will be moves in risk assets after the Fed minutes

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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