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Jul 30 - 01:55 AM

AUD/USD - Settles Slightly Lower After Early Profit Taking

By John Noonan  —  Jul 29 - 11:40 PM
  • AUD/USD opened 0.7189 and after trading at 0.7190 it slipped lower

  • USD broadly firmed on light profit taking after hitting multi-year lows nL3N2F062B

  • AUD/USD traded as low as 0.7171 before settling around 0.7180

  • Spike in Melbourne COVID-19 cases and Aus data had no impact on price nL3N2F066ZnAZN06QT00nAZN0PQT00

  • AUD/USD hourly support at 0.7155/60 with 10-day MA (0.7116) key support

  • Sellers tipped ahead of 0.7200 with minor resistance at 0.7200/10

  • Break above 0.7210 targets 2019 high at 0.7295

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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