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Jul 12 - 01:55 AM

AUD/USD - Holds Around 0.7470 After Early Dip

By John Noonan  —  Jul 11 - 11:46 PM
  • AUD/USD opened 0.7490 after it rose 0.83% Friday when risk assets rallied nL2N2OL1TL

  • It traded to 0.7495 early before sellers ahead of 0.7500 capped

  • AUD/USD drifted down to 0.7469 and is trading 0.7470/75 into the afternoon

  • Market a bit wary of the gains in risk on Friday, as growth concerns persist

  • Rise in Delta variant COVID infections a source of concern nL1N2OM05GnL1N2OO009

  • AUD/USD buyers tipped at 0.7445/50 with support at Friday's low at 0.7410

  • Sellers are eyed ahead of 0.7600 with the 10-day MA at 0.7490

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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