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Jul 29 - 11:55 PM

AUD/USD - Early Bounce Reversed By Soured Risk Appetite In Asia

By Andrew M Spencer  —  Jul 29 - 11:31 PM

  • Steady in a busy 0.7381-0.7403 range, capped by soured risk appetite in Asia

  • Amazon fell 7% after hours on subdued Q3 growth expectations nL4N2P53XQ

  • E-mini S&P futures -0.65%, Nikkei -1.35%, AsiaxJP -0.6% & commodities lower

  • Sydney COVID-19 cases ease slightly as lockdown rules tightened nL1N2P600F

  • Charts; momentum studies flat line, 5, 10 & 21 DMAs conflict - mixed signals

  • The June/July downtrend remains in play while trades below 0.7422 21 DMA

  • Sustained 0.7422 break would open the door to 0.7519, 38.2% May-July fall

    For more click on FXBUZ


aud 2 jul 30 Click here

Source:
Refinitiv IFR Research/Market Commentary

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