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Aug 02 - 08:55 PM

AUD/USD - Reclaims Early Losses As E-Minis Open Flat

By John Noonan  —  Aug 02 - 06:45 PM
  • E-mini futures flat and not reacting to stalled talks on US aid bill nL1N2F405E

  • Market continues to price in eventual compromise as Covid crisis spreads nL1N2F408M

  • AUD/USD traded as low as 0.7125 early and now unchanged at 0.7140/45

  • The 10-day MA at 0.7146 and close below increases chance of correction lower

  • The 5, 10 and 21-day MAs in bullish alignment, but 5-day tilting lower

  • Tilt lower in 5-day MA warns that upward momentum is waning

  • For more click on FXBUZ

aud/usd Click here

Refinitiv IFR Research/Market Commentary


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