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Jul 16 - 01:55 AM

AUD/USD - Soft In Asia As Yen Leads The USD Higher

By Andrew M Spencer  —  Jul 15 - 11:55 PM
  • Off 0.2% towards the base of a 0.6742-0.6764 range with the USD USD up 0.15%

  • Yen weakness supports the USD in Asia - USD/JPY +0.45%, AUD/JPY +0.25%

  • USD, risk appetite to lead AUD offshore - US retail sales leads event risk

  • Charts - 5, 10 & 21-day moving averages climb with 21-day Bollinger bands

  • Mixed daily momentum studies - uptrend stalled but retains a positive bias

  • Last week's 0.6724 base, then the 0.6698 21-DMA are initial supports

  • Early 0.6764 high then Monday's 0.6788 top are the first resistance

  • A close above 0.6800 would open the door to the 0.6871 December top

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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