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Jul 31 - 11:55 PM

AUD/USD - Testing Support As USD Broadly Strengthens

By John Noonan  —  Jul 31 - 10:55 PM
  • USD moving higher across the board in Asia and weighing on AUD/USD

  • AUD/USD down over 0.30% and testing the 100-day MA at 0.6693

  • A break below 0.6690 targets yesterday's low at 0.6649

  • AUD underperforming as market is thin ahead of RBA decision shortly

  • AUD/USD likely to have a volatile reaction no matter what the RBA decides

  • Market pricing in an RBA hold - while economists slightly favour a hike

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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