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Jul 26 - 07:55 PM

AUD/USD - Opens Higher As Weaker USD And Buoyant Risk Underpin

By John Noonan  —  Jul 26 - 06:28 PM
  • AUD/USD opens 0.27% higher as USD broadly offered and risk assets firmed nL1N2P21NHnL1N2P229DnL1N2P20GL

  • Resistance is at Friday's 0.7400 high and break targets 21-day MA at 0.7438

  • Sellers are tipped just ahead of 0.7400 and capping for now

  • Support is at yesterday's 0.7332 low and last week's 0.7289 low

  • AUD/USD trend lower losing momentum, as 5-day MA is tilting higher

  • AUD/USD upside likely to be limited by COVID-related lockdowns in Australia

  • For more click on FXBUZ










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Source:
Refinitiv IFR Research/Market Commentary

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