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Jul 27 - 01:55 AM

AUD/USD - Recovers From Early Dip In Listless Session

By John Noonan  —  Jul 27 - 12:01 AM
  • AUD/USD opened 0.27% higher at 0.7383 after USD broadly weakened

  • It traded up to 0.7390 before sellers ahead of 0.7400 capped

  • AUD/USD dipped to 0.7371 at one stage on talk of AUD/JPY selling flow

  • Buyers returned and it was back to 0.7380/85 into the afternoon

  • Short-term trend lower losing momentum as 5-day MA tilts higher

  • Resistance is at Friday's 0.7400 high and 21-day MA at 0.7438

  • Support is at yesterday's 0.7332 low and trend low at 0.7289

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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