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Aug 02 - 07:55 PM

AUD/USD - Opens Lower As USD Firms And Risk Assets Sink

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

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