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Jul 06 - 10:55 PM

AUD/USD - Slight Lift From Strong Aus Trade Data Short-Lived

By John Noonan  —  Jul 06 - 09:50 PM
  • AUD/USD eased to 0.6764 early before buyers ahead of key support stepped in

  • It traded to 0.6791 after small lift from solid Aus trade data nAZN0AWNOW

  • Impact short-lived as it is back to 0.6780/85

  • The 50% of the 0.5510/0.8007 move at 0.6758 proving to be strong support

  • Today's dip t 0.6764 marks the 4th straight day of testing 0.6760/70

  • Resistance is at yesterday's 0.6825 higher where sellers are tipped

  • AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

  • A break above ythe 10-day MA at 0.6860 would ease the pressure

  • For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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