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Jul 22 - 01:55 AM

AUD/USD - Pivots Around 0.7350 As Market Seeks Catalyst For Direction

By John Noonan  —  Jul 21 - 11:42 PM
  • AUD/USD opened +0.45% at 0.7362 after risk rally underpinned at lows nL1N2OX25I

  • It came under pressure in early Asia and drifted down to 0.7343

  • Buoyant Asian equities discouraged further selling as AXJ index rose 1.0%

  • AUD/USD was settled around 0.7350/55 heading into the afternoon

  • Rebound in risk and US yields likely to cushion AUD/USD against big falls nL4N2OY02K

  • AUD/USD still in down-trend while 10-day MA at 0.7410 caps rallies

  • Support is at yesterday's 0.7289 low and 76.4 fibo at 0.7230

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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