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Jul 24 - 12:12 AM
AUD/USD - Trading As Session Lows As Support Gives Way
First appeared on eFXplus on Jul 23 - 09:55 PM
  • AUD/USD at session low around 0.6980 after support around 0.6985 have way
  • Pair has been under steady pressure since WestPac changed RBA forecast
  • They now see the RBA cutting another 25 BP in October rather than November
  • The next level of support is found at the 55-day MA at 0.6957
  • AUD/USD also pressured AUD/NZD sales after it gained 0.35% yesterday

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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