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Jul 04 - 02:36 AM
AUD/USD - Doves In Control, Soft Data, But AUD Is Resilient
First appeared on eFXplus on Jul 04 - 12:45 AM
  • Touch firmer, despite a modest miss by today's retail sales nL4N2450J2
  • AUD resilient because the Fed and ECB also expected to ease nL4N2450K0
  • RBAWATCH OIC prices a 54% chance of an Aug RBA cut, fully priced by Nov
  • Tax cuts should support the economy, but in the longer term nL4N2440M7
  • Charts are positive with momentum studies, 5, 10 & 21 DMAs heading north
  • Bullish setup initially targets a test of 0.7063, 50% of the 2019 fall
  • Stronger AUD is broad based, as the TWI is up 1.5% from the June low

aud jul 4 Click here

Source:
Refinitiv IFR Research/Market Commentary

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