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Aug 02 - 05:55 PM

AUD/USD - Under Pressure In Early Asia After Friday Reversal

By Krishna K  —  Aug 02 - 04:40 PM
  • AUD/USD down 0.25% from NYK close after failing to sustain rally on Friday

  • Reversal from 17-month 0.7227 high on broad USD strength sours sentiment

  • Friday drop a function of month-end p/taking after 4.7% rise in July

  • Victoria imposes curfew, state of disaster to contain virus, dampens mood

  • RBA meeting Tues, SOMP Fri, retail sales & trade data in focus this week

  • Support 0.7110-15, 0.7075-85, resistance 0.7150-55, 0.7180-85

  • Related nL4N2F304N

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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