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Aug 01 - 07:55 PM

AUD/USD - Heavy Tone After Soft China PMI And Ahead Of RBA

By John Noonan  —  Aug 01 - 05:49 PM
  • AUD/USD opened lower after soft China PMI and concerns over extended Sydney lockdown nL4N2P31F8nL1N2P800V

  • RBA meets tomorrow with market expecting a reverse of July taper decision

  • AUD/USD support at Friday's 0.7332 low and last week's low at 0.7317

  • Key resistance is @ the 21-day MA @ 0.7411 and break eases downward pressure

  • AUD/USD likely to remain heavy as iron ore prices slide on demand concerns

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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