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Jul 22 - 07:55 PM

AUD/USD - Strong Rally Pauses As US-China Tensions Flare

By John Noonan  —  Jul 22 - 06:15 PM
  • AUD/USD traded as high as 0.7186 before US-China diplomatic tensions capped nL3N2ET1XV

  • AUD/USD closed the day 0.1% higher at 0.7140 and above 61.8 fibo at 0.7132

  • Short-term trend higher continues as 5, 10 & 21-day MAs in bullish alignment

  • Support at former resistance at 0.7070 and break would ease upward pressure

  • Resistance at the 200-week MA at 0.7263 with sellers ahead of 0.7200

  • For more click on FXBUZ









aud/usd Click here

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Source:
Refinitiv IFR Research/Market Commentary

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