By Christopher Romano — Jul 19 - 11:35 AM
AUD/USD's overnight dip was shallow, buyers emerged near the 10-DMA
Pair then rallied sharply off the 0.6803 low with help from the RBA
RBA minutes suggest more hikes due; RBA's Bullock leans hawkish nS9N2WQ05G
Australian yields YTTc1 rally while upbeat risk rallies equities ESv1
Broad based sales of safe-haven US dollar help to buoy risk sentiment
AUD/USD cleared the July 1 daily high, hit 0.6909 before dipping slightly
June 29 daily high at 0.6920 remains an impediment, stops likely above
Break of that high should see the 55-DMA & old support near 0.7000 tested
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Source:
Refinitiv IFR Research/Market Commentary