Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jul 08 - 07:55 PM

AUD/USD - Opens Higher As USD Weakens And Stocks Rally

By John Noonan  —  Jul 08 - 06:00 PM
  • AUD/USD opens 0.50% higher, as USD weakened across the board

  • Rally on Wall Street despite spiking COVID-19 cases underpinning AUD nL1N2EF2E1

  • AUD/USD traded as high as 0.6986 with sellers eyed ahead of 0.7000

  • A break above 0.7000 targets the June 10 trend high at 0.7069

  • Support at the 10-day MA at 0.6929 and 21-day MA at 0.6903

  • Market will keep close eye on spread of coronavirus in Australia

  • Lack of containment of the virus will dampen economic recovery

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!