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Jul 25 - 08:36 PM
AUD/USD - Trend Lower Continues As US Yields Rise
First appeared on eFXplus on Jul 25 - 06:15 PM
  • Move up in US yields sent USD higher against most currencies on Thursday
  • Choppy price action around ECB event, which wasn't as dovish as market hoped
  • Gloomy ECB outlook combined with lack of clear action weighed on risk
  • AUD/USD closed below 55-day MA (0.6957)- indicates trend lower continues
  • Support at 61.8 of 0.6832/0.7083 at 0.6927 and July 10 low at 0.6910
  • AUD/JPY flows and Asian equity markets to determine AUD/USD direction

aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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