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Jul 31 - 11:00 PM
AUD/USD - Poised For New Low With Tenth Straight Drop
First appeared on eFXplus on Jul 31 - 08:40 PM
  • AUD/USD tumbles toward June trough 0.6932, could notch new low
  • Break of 0.6900 likely accelerates decline toward 0.6815
  • Base of weekly Bollinger downtrend channel may draw profit-taking
  • Fed's not-so-dovish rate cut sends USD soaring broadly nTLAVIEF78
  • Powell said it's not the start of a long series of rate cuts
  • Lack of progress is US-China trade talks also weighs AUD nL4N24W0U0

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Refinitiv IFR Research/Market Commentary


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