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Jul 12 - 11:55 PM

AUD/USD - Little Reaction As NAB Survey Slips From Historic Highs

By John Noonan  —  Jul 12 - 09:46 PM
  • AUD/USD holding above 0.7480 after trading to 0.7491 in early trading

  • Sellers ahead of 0.7500 cap, but a break above targets 21-day MA at 0.7530

  • NAB business survey slipped from record highs, but still strong nS9N2MR027

  • AUD/USD likely to remain in range as market debates fate of reflation trade

  • Buyers are eyed at 0.7445/50 where it bottomed yesterday

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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