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Jul 12 - 01:55 AM

AUD/USD - Remains Under Pressure As Risk Sentiment Darkens

By Krishna K  —  Jul 11 - 11:50 PM
  • AUD/USD offered tone persists as USD holds gains and risk mood sours further

  • Trades a relatively narrow 0.6745-0.6716 range; inability to bounce bearish

  • Sliding commodity and metals prices weigh; Dalian iron ore down 3.5% in Asia

  • AU July consumer sentiment slides further amid inflation gloom nS9N2WQ054

  • Break of 4-time tested 0.6762-64 support & 50% retracement at 0.6758 bearish

  • Support 0.6710-15, 0.6650, resistance 0.6765-75, 0.6795-0.6800, 0.6825-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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