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Jul 06 - 11:55 PM

AUD/USD - Rallies Above 0.6800 As Some Key Commodities Bounce

By John Noonan  —  Jul 06 - 10:40 PM
  • AUD/USD has moved above 0.6800 as Asian session sets an upbeat tone

  • Lon copper is +1.1% and Dalian iron ore is over 1.5% higher

  • AXJ equity index is +0.45% and the Nikkei is up around 0.75%

  • AUD/USD resistance is at yesterday's 0.6825 high and the 10-day MA at 0.6860

  • AUD/USD likely benefiting frustrated shorts as key support at 0.6758 holds

  • This level is the 50% retracement of the 0.5510/0.8007 move

  • from For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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