By John Noonan — Aug 02 - 05:35 PM
AUD/USD opens -1.15% after strong ADP jobs data sent US yields higher nL1N39J2EG
AUD worst performing currency as equities and commodities slumped nL1N39J2UZnL1N39J0TX
AUD/USD has moved up or down around 1.0% or more for 4 straight trading days
Break and close below 76.4 of 0.6459/0.6900 at 0.6563 targets 0.6459
Resistance is at former support at 0.6595/0.6600 where selling is tipped
Trend lower in place as 5, 10 & 21-day MAs in bearish alignment
Aus Q2 retail sales today along with June trade numbers
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary