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Jul 14 - 02:55 AM

AUD/USD - Dragged Higher By Surging NZD/USD After RBNZ

By John Noonan  —  Jul 13 - 11:55 PM
  • AUD/USD opened -0.47% at 0.7444 after USD firmed on hotter US CPI nL1N2OP29F

  • After trading at 0.7436 it started tracking higher with the NZD/USD

  • The RBNZ was more hawkish than expected and NZD/USD soared 1.0% higher nL4N2OQ0XO

  • Despite AUD/NZD selling, the AUD/USD moved up to 0.7467 in sympathy

  • It is tradi8ng around 0.7460 heading into the afternoon session

  • Resistance is at the 21-day MA at 0.7517 with support at 0.7410

  • Fed chair Powell appears before Congress today and will be a key event

  • Powell's view on inflation and growth could impact USD direction

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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