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Jul 29 - 05:55 PM

AUD/USD - Corrective Rally Extends But Could Be Near An End

By Christopher Romano  —  Jul 29 - 02:10 PM
  • AUD/USD rallies to a 9-session high in Europe's am, hits 0.74135

  • Pair nears 0.7400 into NY's open, choppy trading then takes hold

  • US claims nAQN04GULD, GDP nS0N2OE01T drive US rates, US$ lower

  • AUD/USD lifts briefly then sinks near 0.7375 before rallying again

  • Equity ESv1, copper HGv1 gains, USD/CNH fall help AUD/USD rally

  • 0.7410 trades but AUD/JPY drop halts gains, AUD/USD near 0.7400 late

  • AUD/USD rally seems corrective, likely a bearish opportunity nL1N2P521E

  • For more click on FXBUZ



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Source:
Refinitiv IFR Research/Market Commentary

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