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Jul 29 - 10:55 PM

AUD/USD - Heavy Tone As USD Claws Back Some Lost Ground

By John Noonan  —  Jul 29 - 10:25 PM
  • USD edging higher across the board on profit taking in early Asia

  • AUD/USD down 0.20% and hovering around 0.7175 after closing 0.7188

  • Talk of sellers ahead of 0.7200 capping gains for now

  • No reaction to Aus building and export/import data nAZN06QT00nAZN0PQT00

  • Hourly support is at 0.7155/60 and support at yesterday's 0.7149 low

  • Key support @ 10-day MA (0.7116) as break would suggest trend up is waning

  • Buying dips with stop below 10-day MA is the favoured strategy

  • For more click on FXBUZ









aud/usd Click here

aud/usd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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