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Jul 19 - 07:55 PM

AUD/USD - Opens Higher As AUD Outperforms In Risk-On Session

By John Noonan  —  Jul 19 - 06:45 PM
  • AUD/USD opens +1.29% with AUD the best performing major currency

  • Strong US corporate earnings lifted Wall Street and weighed on USD nL1N2Z020R

  • AUD/USD closed above 21-day MA [0.6845) to conform bottom in place

  • Rally stalling at 38.2 of 0.7282/0.6682 move at 0.6911

  • A break above 0.6915 targets the 55-day MA at 0.6975

  • Support is at the 21-day MA at 0.6845 and 10-day MA at 0.6810

  • RBA Governor Lowe speaks this morning on inflation

  • Hawkish RBA minutes yesterday underpinned AUD sentiment nL4N2Z006W

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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