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Jul 08 - 07:55 AM

AUD/USD - Respects Tuesday's Low Amid COVID-19 News Focus

By Rob Howard  —  Jul 08 - 05:35 AM
  • AUD/USD has traded a quarter-cent range since the Ldn open, 0.6928-0.6953

  • The base of that range is four pips shy of Tuesday's low nL1N2EE0ET

  • Bids were recently tipped at 0.6925-20 (0.6925 was Monday's low)

  • 0.6977 (rally high from 0.6924) and 0.70 are resistance levels beyond 0.6953

  • Australia battles to contain Melbourne coronavirus outbreak nL4N2EE4GW

  • More: nL4N2EF161. U.S. tops 3 million confirmed virus cases nL1N2EE1CX

AUDUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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