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Jul 29 - 01:55 AM

AUD/USD - Maintains Gain In Quiet Trading Ahead Of Fed

By John Noonan  —  Jul 28 - 11:40 PM
  • AUD/USD opened 0.27% higher at 0.7168 and traded in a 0.7149/73 range

  • Heading into the afternoon it was unchanged around the 0.7168 level

  • AUD/USD resilient despite sluggish equities, as correlation is weakening

  • AUD/USD starting to move with metal prices that remain firm nL3N2F00DI

  • Resistance is at the July 22 high at 0.7184 with sellers tipped at 0.7200/10

  • AUD/USD trending higher while support at 10-day MA at 0.7094 holds

  • AUD/USD likely to range ahead of FOMC decision later today

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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