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Jul 25 - 04:55 PM

AUD/USD - Key Fibos Remain In Sight, Breaks Seem Likely

By Christopher Romano  —  Jul 25 - 01:40 PM
  • AUD/USD gained in Europe after Asia's dip was bought, NY opened near 0.6955

  • Rally extended slightly on the back of upbeat risk sentiment

  • EquityESv1, commodityHGv1, AUD/JPY gained as safe-havens were sold

  • USD/CNH hovered near 6.7500 during NY, AUD/JPY rallied towards 95.20

  • AUD/USD hit 0.6965 and lingered just below that level late in the session

  • Break of 50% Fib 0.7282-0.6683 & 23.6% Fib 0.8007-0.6683 seem likely

  • Daily, monthly bulls hammers in place; daily, monthly RSIs are rising

  • Australia Q2 CPI, Fed meeting results are looming risks for investors

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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