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