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Jul 08 - 03:48 AM
AUD/USD - Muted AUD Response To A Broad Asian Stocks Sell Off
First appeared on eFXplus on Jul 07 - 11:55 PM
  • +0.1%, despite an Asian stock sell off - Nikkei -1% and AsiaxJP -1.3%
  • Fall in stocks bigger than Wall Street, on payrolls led a less dovish Fed
  • Australian job ads rebounded, but trend remains soft nL4N2490GB
  • Sydney and Melbourne property sector showing signs of life nL4N2480AB
  • Charts show neutral momentum studies, but net positive 5, 10 & 21 DMAs
  • Bullish bias while closes above 0.6953 21 DMA, which was a base last week
  • 0.6950 635M strikes and Asia's 0.6985 high initial support/resistance

aud 2 jul 8 Click here

Source:
Refinitiv IFR Research/Market Commentary

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