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Jul 12 - 12:12 PM
AUD/USD - REFILE-BUZZ-AUD/USD-Bulls Survive U.S. PPI; FED, RBA Paths Have Greater Impact
First appeared on eFXplus on Jul 12 - 10:25 AM

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  • June PPI above f/c nLNSCIEF71, UST yields & US$ lift on data
  • Rallies fade, US$ now sold across the board, AUD/USD lifts from 10-DMA
  • Resignation of US Labor Sec. Acosta weighs down the US$ more nW1N219011
  • AUD/USD back near 0.7000, 0.7030/50 zone is a hurdle for bulls
  • Rising daily RSI & 10-DMA supt, July bull hammer gives techs a bull tint
  • Fed rate path FEDWATCH to trump RBA's path RBAWATCH, should buoy AUD/USD
  • Break of 0.7050 targets 200-DMA, 0.7140/60 targeted thereafter

chart: Click here

Refinitiv IFR Research/Market Commentary


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