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TDUX
Jul 06 - 01:55 AM

AUD/USD - Slips As Resistance Holds But Downside Limited

By Krishna Kumar  —  Jul 05 - 11:35 PM

• AUD/USD down 0.2% in Asia as risk rally pauses, stocks drop

• Wall Street futures pare gains, Nikkei -1.2% as traders mull Fed rate path

• AUD likely to remain supported on dips as Fed rate hike bets wane

• Last week's soft U.S. jobs data will continue to weigh on USD

• AUD recovery from 200-day MA currently at 0.6869 technically positive

• Interim supports at 0.6910-15, 0.6885-90; resistance 0.6950, 0.6975-80

• Asia range 0.69225-0.69465
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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