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Jul 08 - 01:55 AM

AUD/USD - Early Gains Fade As S&P E-Mini Turns Negative

By Krishna K  —  Jul 07 - 11:35 PM
  • AUD/USD down 0.1% in Asia after early rally attracts fresh selling interest

  • Undermined by AUD/JPY sales; JPY gains after former PM Abe shot nL1N2YP04H

  • Nikkei cuts gains, S&P E-Mini -0.3%, undermining Aussie; range 0.6861-0.6822

  • Downside limited as possibility of $220 bln China stimulus supports

  • Consolidation with a bid tone to continue ahead of U.S. jobs data Friday

  • Minor resistance 0.6860-65, stronger at 0.6890-95, support 0.6820-25, 0.6800

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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