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Jul 02 - 07:55 PM

AUD/USD - Gradual Rise To Continue As Commodities Outperform

By Krishna K  —  Jul 02 - 06:00 PM
  • AUD/USD opens 0.15% higher; strong U.S jobs data lifts risk moodnL1N2E82LC

  • Boosted by rise in metals & commodities; copper touches highest since Jan 22

  • Rise limited by concerns about surging COVID-19 cases in many U.S. states

  • AU May retail sales Fri; huge recovery to +16.3% expected from -17.7% in Apr

  • U.S. holiday Fri to dampen trading activity; China Caixin services PMI due

  • Resistance 0.6950-55, 0.6974-77, support 0.6900-05, 0.6875-80

  • For more click on FXBUZ


A miraculous COVID-19 recovery but Dr Copper needs more tests: Click here

Source:
Refinitiv IFR Research/Market Commentary

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