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Jul 26 - 03:55 PM

AUD/USD - Copper, Stocks Help Bulls Gain Some Traction

By Christopher Romano  —  Jul 26 - 01:50 PM
  • Copper HGv1 rallies sharply in NY, hits a near 2-month high

  • Equities ESv1 turn positive after trading lower in overnight hours

  • USD/CNH rally stalls near 6.4950, then slides & some gains erode

  • AUD/JPY turns positive on the day, all factors help lift AUD/USD in NY

  • Pair nears 10-DMA & July 19 high, stalls at 0.7390, near 0.7380 late

  • Techs are mixed, dailies lean bullish but monthly techs remain bearish

  • Fed risk looms Wednesday, pair might stick to tight range until then

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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