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Jul 29 - 10:55 PM

AUD/USD - Soft E-Mini S&P Futures Cap Sentiment, 0.7422 Pivotal

By Andrew M Spencer  —  Jul 29 - 08:06 PM

  • Flat after closing up 0.3%, amid risk 'on' safe haven USD weakness

  • Sydney under strict new lockdown rules as cases soar nL1N2P537S

  • PPI and credit data due at 11.30 AEST - unlikely to impact AUD

  • E-mini S&P -0.55% may cap risk - Amazon off 7% nL4N2P53XQ

  • Charts; momentum studies flat line, 5, 10 & 21 DMAs conflict

  • Mixed signals, but the downtrend remains in play while 0.7422 21 DMA caps

  • Sustained 0.7422 break would open the door to 0.7519, 38.2% May-July fall

  • NY 0.7377 low and early London 0.7413 high initial support-resistance

For more click on FXBUZ



aud jul 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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