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Derived real-time data in partnership with:
Thomson Reuters
Jul 03 - 11:00 PM
AUD/USD - Bid Early - Data & China Open To Drive Next Move
First appeared on eFXplus on Jul 03 - 08:50 PM
  • +0.1% in early Asia, closed +0.6%, with broad USD weakness & CNH bounce
  • Momentum studies base, 5, 10 & 20 DMAs conflict - neutral setup
  • Enters a second week of consolidation above 0.7327, 61.8% 2016/18 rise
  • Close below 0.7320 & bulls above falling 0.7445 20 DMA likely directional
  • NY 0.7371/0.7404 range is initial support/resistance
  • Retail sales & trades in 45 mins lead data - poll - Click here

aud jul 4 Click here

Source:
Thomson Reuters IFR Markets

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