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Jul 21 - 07:55 PM

AUD/USD - Opens Higher As Recovery In Risk Assets Underpins

By John Noonan  —  Jul 21 - 06:29 PM
  • AUD/USD opens +0.45% as risk assets continue to recover from Monday plunge nL1N2OX25I

  • AUD/USD had a bullish outside day after falling to 8-month low at 0.7289

  • Resistance is @ the 10-day MA @ 0.7411 and break would further ease pressure

  • The 5, 10 and 21-day MAs still in bearish alignment and pointing lower

  • Rise in US yields and Australia COVID lockdowns capping AUD/USD rallies

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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