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TDUX
Jul 02 - 11:55 PM

AUD/USD - Rallies As Traders Scale Back Fed Rate Hike Bets

By Krishna Kumar  —  Jul 02 - 09:42 PM

• AUD/USD up 0.15% in Asia as dip buyers take advantage of early weakness

• Supported by repricing of Fed rate hike bets after soft U.S. jobs data

• Probability of a September hike falls to 54% from 67% before the data

• Bulls regain confidence after recovery from 200-day MA at 0.6865

• Interim support at 0.6885-90, resistance 0.6945-50, 0.6980

• Asia range 0.6911-0.6935
AUD:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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