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Jul 28 - 07:55 PM

AUD/USD - Opens Higher As Rise In Metals Underpin

By John Noonan  —  Jul 28 - 06:20 PM
  • AUD/USD closed Tuesday at 0.7168 - up 0.27% despite fall on Wall Street

  • AUD and JPY best performing currencies - as AUD boosted by rise in metals nL5N2EZ3NRnL3N2EZ2TQ

  • AUD/USD correlation with S&P fading as correlation with metals increases

  • AUD/USD resistance at 0.7184 July 22 high validated by Tuesday price action

  • Trend higher continues with 5, 10 & 21-day MAs in bullish formation

  • Support at 10-day MA at 0.7094 and break would suggest upside exhaustion

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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