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Jul 26 - 06:55 AM

AUD/USD - Weighed Down By Chinese Equity Losses

By Rob Howard  —  Jul 26 - 05:06 AM
  • AUD/USD drop to 0.7332 influenced by Chinese equity losses: SSEC fell 2.3%

  • See: nL1N2P203A. AUD is widely viewed as a proxy for risk appetite

  • 0.7332 = 61.8% Fibo of 0.7290 (eight-month low on July 21) to 0.74

  • 0.7372 was Asian session high (0.7357-0.7388 was NY range Friday)

  • IMM speculators raise net AUD short position to 13-month high nL1N2OZ1RV

  • More: nL1N2OZ1S0. NSW sees new COVID-19 cases rise, to 145 nL1N2P10GZ

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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