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Jul 25 - 10:55 PM

AUD/USD - Testing Key Short-Term Resistance As USD Slips

By John Noonan  —  Jul 25 - 09:30 PM
  • AUD/USD edging above 55-day MA at 0.6970 after breaking trendline at 0.6957

  • More resistance is at the 50% of 0.7282/0.6682 at 0.6982

  • A break above 0.6990 targets the 61.8 fibo of that move at 0.7053

  • USD broadly weaker in Asia as long USD positions pare back ahead of FOMC

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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