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Jul 26 - 03:48 AM
AUD/USD - Pressured By Shift In Central Bank Expectations
First appeared on eFXplus on Jul 26 - 12:00 AM
  • AUD/USD opened 0.36% lower at 0.6953 and remained under pressure
  • Pair traded down to 0.6941 and is around 0.6945 into the afternoon
  • Less dovish than expected ECB raising doubts on aggressive Fed easing
  • US GDP later today may help clarify Fed expectations for FOMC next week
  • AUD/USD support @ 61.8 of 0.6832/0.7082 move @ 0.6927 & July 10 low @ 0.6910
  • Resistance at 55-day MA at 0.6956 and 21-day MA at 0.6998

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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