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Jul 07 - 07:55 PM

AUD/USD - Opens Lower As Risk Rally Takes An Overdue Break

By John Noonan  —  Jul 07 - 06:15 PM
  • AUD/USD opens 0.42% lower at 0.6945, as Wall Street ended winning streak nL1N2EE23S

  • The Melbourne lockdown and Fed warnings on recovery difficulties weighed nL4N2EE02FnL1N2EE1I3

  • Sellers ahead of 0.7000 capped rally and 0.7000 is now resistance

  • Support is found at the 10-day MA at 0.6917 and 21-day MA at 0.6902

  • Key in Asia will be AUD/JPY flows and moves in Asian equities

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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