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Jul 07 - 08:55 PM

AUD/USD - Holds Gains As Risk Revives And Commodities Recover

By Krishna K  —  Jul 07 - 07:50 PM
  • AUD/USD buoyant in Asia after rallying 0.95% Thursday on risk recovery

  • Prospects for a more measured pace of U.S rate hikes lifts moodnL1N2YO2U2

  • Commodities recovery underpins; U.S. crude rallies +3.85%, copper +4% Thurs

  • China fiscal stimulus measures provide further lift nL4N2YO20JnL1N2YO01Z

  • Inability to break pivotal support at 0.6758 forces bears to cover shorts

  • Consolidation with a bid tone likely in Asia ahead of U.S. jobs data Friday

  • Resistance 0.6850, 0.6870, 0.6895-0.6900, support 0.6820-25, 0.6800-05

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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