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Jul 15 - 03:55 PM

AUD/USD - US Data Cannot Hold Back The Bulls

By Christopher Romano  —  Jul 15 - 01:50 PM
  • Dip buyers emerged in Europe after 0.6720 traded, NY opened near 0.6755

  • Pair neared 0.6780 then dipped after US data nL1N2YW0ZOnN9N2WB01D

  • US$, rates EDZ2 weakened after initially rallying after data dump

  • Equity ESv1 rally extended, copperHGv1 & AUD/JPY bounced off lows

  • AUD/USD rallied above the 10-DMA, hit 0.68065, sat nearby late in the day

  • Techs lean bullish; daily RSI rising, rally follows July 14 doji

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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